The Federal Government said it hopes to generate 6, 000 megawatts of electricity by December 2016. The Minister of Power, Works and Housing, Babatunde Fashola, disclosed this during a visit by delegates from the International Monetary Fund, IMF, to his office.
Fashola, who was represented by the Minister of State Power, Works and Housing, Hon Mustapha Shehuri, said the government will not rest until it achieved the target of power generation, address infrastructural decay in the sector and a sustainable economy.
According to the Minister, the government through its Road Map to Power will tackle the decay of infrastructure holistically.
“We are expecting that our generating capacity will be over 6, 000 megawatts by end of 2016, 10, 000 in 2019, and 30, 000 megawatts in 2030, as planned within the maxim of incremental, stable and un-interrupted power”, he stated.
The Minister pledged that with the recent steps taken by the government to exploit the abundant solar energy in the country by the signing of the Power Purchase Agreements, PPAs, with 14 companies in nine states and the Federal Capital Territory, FCT, the feat would be achieved.
The IMF group has been supportive of the Nigerian government’s efforts at revamping the economy.
