Nigeria’s President Muhammad Buhari speaking during an exclusive interview reiterated his administration in providing infrastructure for Nigerians, including improving electricity.
According to him, Nigeria currently has the capacity to produce 13,000 megawatts of electricity but currently, Africa’s most populous nation produces just 4,000 megawatts on the national grid.
Stating this, the President had in May 2018 queried the spending of $16bn on power projects during the administration of former President Olusegun Obasanjo.
The President also shed more light on why the electricity supply is yet to be stable in the country and noted that the Transmission Company of Nigeria (TCN) is 100% government-owned and noted that his government inherited the Distribution Companies (DisCos).
According to the President, the owners of Discos bought them based on geo-political zones rather than merit. He added that to get technology right, the government will cut the cost of transmission and the likelihood of sabotaging the lines.
