The Minister of Power, Engr. Abubakar D. Aliyu has assured of improved quality and quantity of electricity to consumers.
Speaking during a courtesy call by the Vice President, Power, Energy, Climate and Green Growth Complex of the African Development Bank, Mr. K. Kariuki at the Federal Ministry of Power Headquarters, Thursday, 21st October, 2021, Engr.Aliyu said the Power sector has a lot of opportunities for investors varying from the Distribution, and Transmission, its challenge has left the generation of over 13,000 megawatts underused.
TheFact Nigeria reports that while appreciating Africa Development Bank for their intervention in certain areas of the Power sector, the Minister said more intervention is needed, stating that 80% megawatts come from Gas while efforts are underway to move quickly to renewable energy by the engagement of independent power producers which would ultimately increase the energy supply to the National grid.
The Minister directed that further interaction be made between the Federal Ministry of Power and the Africa Development Bank on areas of intervention and collaboration.
Speaking earlier, Vice President, Power, Energy, Climate and Green Growth Complex of the African Development bank, Mr. K. Kariuki said the AfDB appreciates the reform in the power sector in Nigeria and would be glad of its success owing to the fact that Nigeria has the largest economy in Africa and the success of the reform will be a guide for other countries to follow.