Currently only 40% of Nigeria’s population is connected to the energy grid whilst power supply difficulties are experienced around 60% of the time.
At best, average daily power supply is estimated at four hours, although several days can go by without any power at all.
However, Nigerians should expect “significant improvement in electricity service supply reliability and delivery” this year, President Muhammadu Buhari has promised.
This is part of the radical changes that the Federal Government plans for this year in the oil and gas as well as power sectors.
The President said there will be further liberation of the sectors to eliminate lingering outages and gas shortages.
Speaking to Nigerians in a message, titled: “A letter from the President at New Year Nigeria’s Decade”, Buhari raised the hope of ensuring fiscal sustainability in the power sector, increased government and private sector investment in power transmission and distribution.
According to him, there will be improved payment transparency through deployment of smart meters and effective regulatory actions to maximise service delivery.
Power has been a problem for a generation. We know we need to pick up the pace of progress. We have solutions to help separate parts of the value chain to work better together.
In the past few months, we have engaged extensively with stakeholders to develop a series of comprehensive solutions to improve the reliability and availability of electricity across the country.
We have in place a new deal with Siemens, supported by the German Government after German Chancellor Angela Merkel visited us in Abuja, to invest in new capacity for generation, transmission and distribution.
These projects will be under close scrutiny and transparency – there will be no more extravagant claims that end only in waste, theft and mismanagement.
The next 12 months will witness the gradual implementation of these actions, after which Nigerians can expect to see significant improvement in electricity service supply reliability and delivery.