Yemi Osinbajo has said.
This confirmed The PUNCH’s report on Thursday that the Federal Government was considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry. He said, “Today we have 13,427MW of installed capacity, and an available capacity of 8,342MW. The national grid has the capacity to transmit about 7,000M, an increase from less than about 5,000MW in 2015.
“Second is the opening up of the market to new investors in generation, transmission and distribution infrastructure, transacting directly with each other to serve willing customers including deploying off-grid power and using micro-grids, especially for deployment of solar power,” Osinbajo said. He described the inauguration of the transmission substation in Ogun State as an important part of the Federal Government’s efforts to improve the supply and quality of power reaching the homes and businesses of Nigerians.
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