President Muhammadu Buhari has assured Nigerians of affordable and uninterrupted electricity supply in the “not too distant future”. Speaking during his 59th Independence day broadcast to the nation on Tuesday, the president said his administration is resolute in reforming the power sector.
While the financial intervention by the Buhari’s administration to the power sector has hit N1.5 trillion in five years, the electricity supply to Nigerian homes is less than 5,000 megawatts. “We are resolute in reforming the power sector. In August this year, we launched the Presidential Power Initiative to modernize the National Grid in 3 phases: starting from 5 Gigawatts to 7 Gigawatts, then to 11 Gigawatts by 2023, and finally 25 Gigawatts afterwards,” Buhari said.
“This programme, in partnership with the German Government and Siemens, will provide end-to-end electrification solutions that will resolve our transmission and distribution challenges. “The programme will also look to localize the development and assembly of smart meters as well as the operations and maintenance capabilities of transmission and distribution infrastructure.
THE CABLE
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