Major Jubilation As FG Delivers Very Great Message, Nigeria Set To Make Major Transformation

By Aiyeku Timothy July 29, 2016 09:58

Major Jubilation As FG Delivers Very Great Message, Nigeria Set To Make Major Transformation

The President Muhammadu Buhari-led Federal Government has expressed determination to clean up the rot in the power sector, in order ‎to enhance sustainable growth of the economy.

‎The Minister of Power, Works and Housing, Babatunde Fashola, SAN, who disclosed this, said Buhari will do  everything possible to address infrastructural decay, which has hindered Nigeria’s economic growth for years.

Speaking in Abuja on Thursday, July 28, when he met with a delegation from the International Monetary Fund, IMF, Fashola, who was represented by the Minister of State, Power, Works and Housing, Mustapha Baba Shehuri, said Nigeria with a population of over 160 million, is seriously challenged with the provision of infrastructure, due to endemic corruption.

According to him, the government intends to tackle the rot in the power sector, through holistic approach, as contained in the recently unveiled Road Map to Power, which are time lines and planned series of complimentary activities and deliverables.

“We are expecting that at the end of the year, our generating capacity will be over 6,000MW, by the end of 2016, 10,000MW in 2019 and 30,000MW in 2030”.

“As planned, within the maxim of incremental, stable and un-interrupted power, the Minister said government had taken bold steps to harness the solar powered projects, by signing off on the Power Purchase Agreements PPAs, with 14 companies located in 9 States and the FCT. This will bring to the national grid 1,150MW of solar energy,” the Minister said.

While acknowledging the contributions of donour agencies in the Power Sector, he said support in loan agreement in the sum of 273 million dollars, has been earmarked for the Nigeria Bulk Trading Company, to provide partial risk guarantee for the off-taker, and also the $200 million dollars, from the African Development Bank, AFD, for the grid upgrade plan, is also concluded for the Transmission Company of Nigeria.

The Minister added, that the Buhari administration, has demonstrated its firm commitment to the diversification of the economy, by moving it away from over-dependence in oil.

He added that, for the first time the tone has been set, as the government has reduced the contribution of oil in favour of non-oil revenue, especially agriculture and solid minerals.

Speaking on the government’s planned energy mix as contained in the Road Map document, the Minister said that the plan was to have robust mix that will increase the use of coal, hydro, solar, even more gas to power, bearing in mind that energy in large percentage, would be required for individual uses, household access and indeed the spread of electricity access to the vast country.

The Permanent Secretary of the Ministry, Louis Edozien, who also gave his reaction, said that the sector’s challenge now occasioned by incessant vandalism of the gas infrastructure, has necessitated the development plan, which identified stages of growth from 2017 to 2030,  on the premise that vulnerability of gas supply will be radically addressed.

He further stated, that a lot of new renewable energy sources would soon come upstream, the 40MW Gurara dam in Kaduna State, the 40MW Kashimbilla dam in Taraba, 10MW wind farm in Katsina and 30MW phase one of Kudendan dual fired plant in Kaduna State.