Federal Government Promises Nigerians Stable Power Supply By October
The Federal Government has promised that power supply would be stable in Nigeria from October this year. The Minister of Power, Chinedu Nebo, made promise while briefing journalists after a closed-door power meeting, chaired by Vice President Namadi Sambo at the State House, Abuja.
The administration has however failed to deliver on past promises concerning electricity supply. The Minister who noted that other issues in the electricity value chain were being addressed, said power supply had improved in the country in the past one week due to improved gas supply. â€œThe cheering news from all of these is that if you have noticed throughout the country in the past one week people have been getting much better power supply. â€œThe gas is now beginning to come back and itâ€™s something that gives all of us a lot of joy. â€œAnd we know that it will continue to grow that way even until December because now some of the facilities, maintenance, repair works on the gas equipment and so on. â€œThe gas producers have come to a place where almost all of these is being taken care of, and then the new gas we are expecting we have then trickling in right now. â€œSo that part of the shortfalls weâ€™ve had in production up to this time, we hope that by the beginning of October, we will see a much better stabilisation of the entire power delivery system in the country.
â€œFirst, I would say we rejoice that for the first time in a long time we have been averaging over 4,500 MW when we include nearly 300 mw of spilling reserve which is always put there to make sure that the reliability and stability of the grid is ensured at all time", he said. He also noted that the Federal Government is making arrangements to ensure that the bills of electricity generating companies are promptly paid.
â€œThe generation companies have been complaining that they need to have all their bills paid. â€œThe good thing about this is that arrangements are being made to make sure that all the generation companies get their money as and when due. â€œWe are working on that.
That is part of the meeting that was chaired by Mr Vice President. â€œNext thing is how far we have come with the issue of even settling the gas question. The gas question has remained for quite a while. â€œBut very thankfully, the Honourable Minister of Petroleum Resources and I, the central bank governor and chairman of NERC met several times to address those issues. â€œAnd that eventually ended in finding resources to take care of the indebtedness of the generation companies to the gas companies. â€œSo once we take care of the backlog, we insist that the gas companies will eventually produce more gas,â€™â€™ he said.
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