Despite the promises of succeeding governments to reform the electricity sector, Nigeria’s power supply is epileptic.
According to Mr. Abubakar Aliyu, Minister of Power, President Muhammadu Buhari’s administration has created a National Renewable Energy and Energy Efficiency Policy with an accompanying Vision 30:30:30 to add 30,000MW of energy by 2030.
At the 5th National Council on Power in Abuja, Mr. Aliyu made this announcement (NACOP). The minister cited “finished projects in the Zungeru Hydroelectricity Power Project, which is at 97 per cent completion” as evidence that renewable energy will account for 30% of the policy’s energy mix and take center stage in current power sector changes.
It is anticipated to contribute 700 Megawatts to the national grid, compared to Kashimbila Hydroelectricity Project’s 40 Megawatts. In addition, the Dadin-Kowa dam contributes 40 Megawatts to the national grid,” the minister continued.
He added that the government is now investing in electricity infrastructure and highlighted that the power industry was undergoing a number of reforms intended to improve the sector.
In order to enhance the national grid, Mr. Aliyu said that these investments were made specifically in the Transmission Company of Nigeria (TCN) through a variety of interventions supported by international organizations including the World Bank, African Development Bank, and a host of others.
The Nigerian Electricity Industry (NESI) and the industry’s value chain were to be rebuilt thanks to a credit arrangement that was offered on favorable terms through Siemens Company as a result of government-to-government cooperation between Nigeria and Germany, the minister said.
“Orders had been placed for the acquisition of 10 morbid power transformers and 10 mobile substations through the arrangement with Siemens,” he continued. The ten massive power transformers that will be dispersed across the nation have begun to arrive.