Nigeria’s power generation hits 5,313MW, first time in 3 years – Adelabu
Economy
NIGERIA’S power generation rose to a three-year high of 5,313mw on Monday, the Ministry of Power has said.
This is contained in a staement issued by Mr Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power , Mr Adebayo Adelabu.
Adelabu, therefore urged Electricity Distribution Companies (DisCos) to take more energy in order to prevent a grid collapse.
”When power is produced and not picked by the DisCos, it could lead to grid collapse as frequency drops..
”Efforts will be made to encourage industries to purchase bulk energy,” he said.
The News Agency of Nigeria(NAN) reports that in May, the federal government pledged to generate 6,000 megawatts of electricity before the end of the year.
During his ministerial address in Abuja while presenting achievements of his ministry since President Bola Tinubu assumed office on May 29, 2023, Adelabu, said the country’s power generation rose to 5,000MW on May 3.
Adelabu vowed that power generation in Nigeria would hit 6,000MW before the end of this year, going by the improvements in the sector in 2023.(NAN
4th September, 2024.
C.E.
Related Posts
SMEDAN partners GIZ to boost MSME development
THE Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it will partner the German International Agency (GIZ) and...
Read MoreNigeria’s inflation rate further declines to 32.15% in August- NBS
THE National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024....
Read MoreNaira depreciates further in parallel market, falls to N1,660/$
THE Naira continued its downward trend on Friday, depreciating to N1,660 per dollar in the parallel market. This represents a...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.