By Concise News Correspondents
The Nigerian government has hinged the drop in electricity supply in the country on liquidity, pipeline vandalism and destruction of oil infrastructure in the Niger Delta.
Minister of Works, Power and Housing, Babatunde Fashola, made this known shorty after Wednesday’s Federal Executive Council meeting in Abuja.
The minister said “You heard that there was liquidity problems. Gas suppliers have not been fully paid; generating companies (GENCOs) have also not been fully paid. You heard this ‘back and forth’ between distribution companies (DISCOs) and GENCOs. So, those are some of the issues.”
Fashola further explained that the low gas supply and sabotage in the Niger Delta are other factors affecting electricity in Nigeria.
”If you cannot produce oil you cannot take the gas. And gas is the fuel that the power plants need. You have seen what we have been doing in increasing the capacity in firing transmission but we don’t have gas to fire the plants. That is the reason.
”We have been meeting with the gas suppliers, trying to see how we can pay off some of these debts, while we fix other problems. As I continue to say, it is not technical, but financial,” Fashola said.
The Federal Government also pledged to commit additional N3.5 billion for the completion of the Odogunyan transmission sub-station in Ikorodu, Lagos State, to improve power generation.
According to the government, this would provide additional transformer capacity at the sub-station as well as 260mva transformers and transmission lines of 132 kva to complete the works in that area.