Minister Moves Aggressively to Address Deteriorating Power Situation in the Country

Minister Moves Aggressively to Address Deteriorating Power Situation in the Country

Sequel to sharp criticisms of the Tinubu administration for the rapidly deteriorating power situation in the country, the Minister of Mr. Adebayo Adelabu, has met with the stakeholders in the sector and the power Generating companies (GENCOs) and Distribution companies (DISCOs) with a bid to arrest the unpalatable situation. Mr. Adebayo Adelabu, Minister of Power

Sequel to sharp criticisms of the Tinubu administration for the rapidly deteriorating power situation in the country, the Minister of Mr. Adebayo Adelabu, has met with the stakeholders in the sector and the power Generating companies (GENCOs) and Distribution companies (DISCOs) with a bid to arrest the unpalatable situation.

Mr. Adebayo Adelabu, Minister of Power

Millions of households and businesses have been compelled to rely on generators to power their homes and businesses, putting pressure on their meagre incomes and profits as the price of fuel has tripled since the fuel subsidy was removed by President Bola Tinubu in May 2023 at his inauguration.

This, without a doubt, has caused excruciating pains to the citizens, particularly workers, as a result of the high cost of commodities and the overall decline in the economy. Furthermore, poor electricity has harmed the country’s prosperity, and added to the burden that the average Nigerian bears on a daily basis.

The minister of power moved aggressively during the week, calling a meeting of stakeholders and undertaking a tour of some of the power plants to collate on the spot data and do assessment of what could be responsible for the deteriorating situation. The Minister described his moves as a quick response towards proffer solution to the challenges of low electricity in the country.

The situation of power deterioration has been one of the major problems in Nigeria, in which the country has suffered poor power supply, which has cost the country lots of revenue. Despite boasting of having 28 private and government-owned power generation plants, the country has a staggeringly low power generation transmission and distribution capacity.

With determination to provide a respite to the Nigerian erratic power supply, the Minister after the meeting with the stakeholders on Thursday, revealed that the poor power supply in the country is a result of low supply of gas to the generating companies, noting that the development has caused the consistent blackout in the country.

He therefore stated that he is working assiduously with his team to change the narrative of poor supply in the country, adding that he has already formed a parley with relevant ministries and agencies that will quicken the process of generating gas for the power sector in the subsequent months.

Speaking on his efforts, he said: “Yesterday, I had crucial discussions with power Generating companies (GENCOs) and Distribution companies (DISCOs) to address the ongoing issue of blackouts in parts of our country. Power supply during the yuletide improved, but unfortunately, we’ve experienced setbacks in the new year.

“After investigations, it’s clear that the main cause of poor power supply is the low supply of gas to GENCOs. Visited facilities in Olorunshogo, Ogun State, and Omotosho, Ondo State to understand the challenges firsthand. Resolving the gas supply issue is our top priority.

“During our meeting, we also addressed the indebtedness to GENCOs by Nigeria Bulk Electricity Trading Company (NBET). While acknowledging the sector’s liquidity challenge, we are working on validating the debt and determining a fair resolution.

“I emphasized the importance of GENCOs establishing contractual arrangements with gas suppliers to ensure a steady gas supply. Recognizing concessions may be needed, I assure you that we are committed to working on this to stabilize the power sector.

“To tackle the gas supply and liquidity challenges, I’ve decided to form a committee involving all stakeholders. Together, we will work on recommendations to resolve these issues and ensure a more reliable and consistent power supply for our citizens.

“A plan has also been established to initiate discussions with the Minister of State for Petroleum Resources regarding collaboration and to emphasize to the Ministry the importance of prioritizing Gas to Power.

“Our commitment is unwavering in addressing the challenges affecting power supply. We understand the impact on citizens, and our goal is to swiftly resolve the issues of gas supply, indebtedness, and overall sector stability. Your patience is appreciated as we work collaboratively towards a brighter, more reliable energy future for Nigeria”

In 2021, the World Bank reported that 74% of power users nationwide are not satisfied with the quality of power they receive. In contrast, 93% of metered power users paid their bills on time, and 78% of electricity consumers in the nation experienced less than 12 hours of power supply per day.

The challenge, however, did not begin with the current administration of Bola Tinubu. In 2015, the former Lagos State Governor, Babatunde Fashola, was appointed by the former president, Muhammadu Buhari, as the Minister of Power. Fashola, in his optimistic view, promised to solve Nigeria’s power problems, but after four years, the country’s problems remained unchanged. The same trajectory was recorded for his immediate successors until the end of Buhari’s tenure in government.

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