Adebayo Adelabu, minister of power, says the federal government has put in place a presidential power initiative to improve electricity supply in the country.
Adelabu disclosed this at the ministerial press briefing
series organised by the ministry of information and national orientation on
Friday in Abuja.
According to him, the federal government has also put in
place a presidential meter initiative to reduce the number of unmetered
customers in the country.
“There is also the Presidential Meter Initiative (PMI) put in place to ensure that the meter gap is addressed,” he said.
“And we also have a
lot of development banks that are working with us on several projects in
transmission and distribution.
“So, as a ministry, we are committed to making an impact during
this administration.”
Adelabu said the government is also ramping up generation
companies, adding that a lot was being done in the transmission segment of the
industry.
The minister explained that the government had invested in
gas-to-power infrastructure and implemented policies to attract private
investment, but regretted many still do not have power supply.
According to him, the government has made data-driven
decisions by collaborating with some experts to develop the integrated energy
planning toolkit.
“This innovative tool provides real-time data to pinpoint
ideal locations for renewable energy projects streamlining investment
decisions,” he said.
“We have developed legal frameworks that have liberalised
the entire electricity value chain, integrated renewable energy.
“Established an
Independent Systems Operator (ISO), guidelines for franchising, captive power
and mini-grid regulations.
“In addition, programmes being implemented by the Rural
Electrification Agency have been successful in providing traditional and
innovative financing opportunities for private sector driven interconnected and
off-grid project delivery.”
On April 3, the Nigerian Electricity Regulatory Commission
(NERC) approved a tariff increase for Band A customers.
Customers on B and A are those who receive 20 to 24 hours of
power supply in the country.
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