The Federal Government has said that it’s planning to generate 7, 000 megawatts of electricity for the nation within the next 18months.
This is according to the Vice-President Yemi Osinbajo at the presentation of a book “Nigeria: The Challenges of Growth and Development, an In-Depth Analysis by Experts,” held at the Trenchard Hall, University of Ibadan, Ibadan on Monday.
Osinbajo said, the power remains a major challenge the Federal Government had been facing, and which the government was determined to solve.
He told the gathering at the event that the most important part of the budget would focus on ensuring that the weak aspect of the power value chain was restored.
“Early in the life of this administration late last year and early this year, power generation was possibly at its best.
“Nigeria, for the first time was actually generating 5,000megawatts, which was the first time it will happen in the history of the country.
“On February 14, the Forcados Export Terminal was blown off, effectively ensuring that 40 percent of our gas that goes for power is no longer used for the purpose.
“This situation led to the immediate loss of 1,500 megawatts of power. It is our priority that the pipeline project is completed so that gas will be adequately supplied to the power plant,” he said.
He said that President Muhammadu Buhari had two weeks ago ordered full mobilisation of the military for the protection of pipelines in the country.