FG Explains Inability to Meet 5,000mw Power Generation Target

The Federal Government has explained meeting up with the promised target of 5,000 megawatts of electricity generation had been difficult due to shortage of gas supply.

Minister of Power, Abubakar Aliyu, disclosed this to State House Correspondents after the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.

He said whereas government had entered into a firm contract with the Nigerian Bulk Electricity Trading (NBET) Plc, power generation had remained around 4,000 megawatts because of the problem of gas.

However, he assured that every necessary ingredient has been obtained to resolve the problem as his ministry is working round the clock to improve the situation.

The Minister also revealed that FEC approved N2,740,000,000, the revised estimates for the updated rates of building structures of compensation and resettlement of the communities affected by the construction of 700 megawatts Zungaro Hydro electric power project.

The amount revises the subsisting amount from N19,640,000,000 to N22,380,000,000.