Power Generation Hits 4525.32 Megawatts
The company puts national peak demand forecast at 19,100 MW while installed capacity is 11,165.6 MW. Available capacity is 7139.6 MW and the highest generation the country has ever attained remained 5074.7 MW.
Recently, the national assembly has urged President Muhammadu Buhari to split Ministry of Power from the Ministry of Works, Power and Housing due to its importance to economic development. It argued that the ministry needs special attention.
It may be noted that stakeholders have blamed lack of considerable improvement in the power sector on lack of cost-reflective tariff.
The Executive Director, Association of Nigerian Electricity Distributors (ANED), Mr Sunday Oduntan, stated that until there is cost reflective tariff, Nigerians may not witness improved electricity supply because the tariff does not cover the cost of generation, transmission, and distribution.
But labour unions and civil society organizations said they are ready to resist any increase in tariff unless there is a significant increase in power generation and transmission capacity.