Why Osinbajo Is Confident Nigeria’s Power Output Will Hit 10,000mw
Power is one issue that has remained unsolved in Nigeria. People pay bills for darkness, a rights group, SERAP, said in its report.
Regular power supply is only for people who can afford the cost of running generators consistently over long hours.
But the Vice President, Professor Yemi Osinbajo, is confident that the power output rationed by over 180 million Nigerians will hit 10,000 megawatts as envisaged in the government's Economic Recovery and Growth Programme.
At the moment, the nation ration's less than 6,000 megawatts.
Addressing participants at the 23rd Nigerian Economic Summit in Abuja, Professor Osinbajo said the government has the will to ensure efficiency.
The Federal Government has a plan to unchain the obstacles hampering power supply programme.
Vice President Yemi Osinbajo said the government would break the monopoly of Distribution and Generation Companies.
“We are at the moment dealing with the constraints in distribution, with two notable policy interventions.
“The National Electricity Regulatory Commission in August issued the eligible customer directives and will this month issue directives on independent metering.
“The eligible customer regime allows a willing seller, willing buyer arrangements in the sale of power.
“The independent metering directive allows independent entities aside from registered power distribution companies to sell and install meters to customers and be paid directly as collections are made from metered customers.
“This will break the distribution gridlock and there is good cause to believe that we will achieve the 10,000MW envisaged in the ERGP,’’ he told the gathering.