President Muhammadu Buhari has assured Nigerians that the country will soon start to enjoy affordable and uninterrupted electricity supply.
In his Independence Day Broadcast, he said his administration’s power reforms are central to achieving the feat.
Highlighting the Presidential Power Initiative launched in August 2019 as one of those efforts, Buhari said the initiative is to modernize the National Grid in 3 phases: starting from 5 Gigawatts to 7 Gigawatts, then to 11 Gigawatts by 2023, and finally 25 Gigawatts afterwards.
“This programme, in partnership with the German Government and Siemens, will provide end-to-end electrification solutions that will resolve our transmission and distribution challenges.
“The programme will also look to localize the development and assembly of smart meters as well as the operations and maintenance capabilities of transmission and distribution infrastructure.
“I am pleased with the improved inter-agency collaboration between the Ministry of Power and the regulators in the banking and power sectors to ensure that electricity sales, billings and collections are automated and become cashless.
“These initiatives are important to ensure that the technical and collection losses in the sector are substantially reduced.
“I remain confident that Nigerians will have affordable and uninterrupted electricity supply in the not too distant future,” he said.
The President noted that the efforts to improve the power sector will complement other infrastructure investment projects under the Presidential Infrastructure Development Fund, which is investing in the Mambilla Power Plant project, as well as key economic road infrastructure such as the Lagos-Ibadan Expressway, Second Niger Bridge and Abuja-Kano Expressway.
“The first set of these projects remain on track to be completed by 2022,” he added.