- He made these statements during the ground-breaking ceremony of the new 350MW Gwagwalada Independent Thermal Power Plant (Phase 1)
- Tinubu urges NNPCL and its partners to complete the project within the promised three-year timeline
President Bola Ahmed Tinubu announced on Friday that his administration is determined to tackle the challenges hindering stable electricity supply in the country, despite the current energy supply situation.
He emphasized the need to address issues in the electric power sector value chain and provide solutions to long-standing problems of suppressed demand.
Tinubu highlighted that improved energy generation and distribution are crucial for the nation’s accelerated growth. He made these remarks during the ground-breaking ceremony of the new 350MW Gwagwalada Independent Thermal Power Plant (Phase 1), where he urged the NNPCL and its partners to complete the project within the promised three-year timeline.
Tinubu insisted that the three-year timeframe must be adhered to, as reported by his spokesman, Ajuri Ngelale.
“Although the Nigeria Electricity Supply Industry is currently characterised by huge supply-gap deficits owing to dilapidated power infrastructure and poor distributions networks, amongst others, this administration is poised to address every power value chain challenge that will significantly relieve the suppressed demand, enhance generation, and improve national peak growth and sustainability far above the hitherto abysmal and unacceptable 5,300MW for over 200 million Nigerians,” the President said.
Tinubu noted that a swift improvement in the stability and quantum of energy supply will enhance national economic development, which remains a cardinal priority of his administration.
“During my campaign, I made a commitment to Nigerians on providing stable electricity. This is to be achieved by ensuring that we use all available energy sources to boost power generation beyond the current installed capacity of 12,000 megawatts, strengthening the integrity of our transmission infrastructure and ensuring that all distribution bottlenecks are removed.
“We can not form the productive and industrialised economy we need in order to conclusively tackle poverty, and create thousands of high paying manufacturing jobs for our teeming young people, whose creativity and talent we must harness for national development, without reliable electricity,” the president stated.
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