Lai Mohammed, Nigeria’s Minister of Information has assured citizens that power problem will become an issue of the past by 2023 as the country is set to provide 13,000 mega watts (MW).
The Minister gave the assurance while speaking at a Press conference which held in Abuja on Friday, May 29.
It would be noted that Nigeria has 25 Electricity Generation Distribution Companies (GenCos) which supply less than 5,000MW.
FG is working in partnership with a German-based firm, Siemens AG to execute the project.
According to Lai, 7,000MW of electricity is expected to be generated by 2021 for the first phase of the project, and 11,000MW by 2023.
This would make a significant change in the supply of electricity to Nigerians who complain bitterly over irregular power supply and how it negatively impacts their businesses.
Minister Lai Mohammed said: “Following an agreement with German company Siemens in July 2019 to boost power supply in Nigeria, the stage is set for the perennial power problem to become a thing of the past,”
“Under the three-phase agreement, Nigerians will enjoy 7,000 megawatts of reliable power supply by the end of 2021 (phase 1), 11,000 megawatts by the end of 2023 (phase 2) and 25,000 megawatts in the third phase.
“To put things in perspective, Nigeria’s current power generation capacity is more than 13,000 megawatts, but only an average of 3,400 megawatts reliably reach consumers. In essence, the current amount of power that reaches consumers will more than double by the end of next year.
“In addition, this will create thousands of jobs and will leapfrog the country into the next level of industrial and social development.”