President Bola Tinubu has vowed to address all obstacles to stable electricity supply in the country.
Tinubu made vow in Abuja, on Friday, at the groundbreaking ceremony of the new 350MW Gwagwalada Independent Thermal Power Plant (Phase 1).
The President said his administration will bring solutions to the multifarious challenges across the electric power sector value chain, which will significantly relieve longstanding problems of suppressed demand and improve the steadiness of peak supply for Nigerians.
“Although the Nigeria Electricity Supply Industry (NESI) 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 & sustainability far above the hitherto abysmal and unacceptable 5,300MW for over 200 million Nigerians,” he declared.
President 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 the current administration.
“During my electioneering 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 cannot 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,” President Tinubu declared.
The President expressed his excitement that the landmark project was commencing at the onset of his administration.
