Nigeria Minister of Information and Culture, Alhaji Lai Mohammed, has told Nigerians to wait till 2023 before they can enjoy a better power supply in the country.
The Minister added that Nigerians will enjoy an estimated 11,000 megawatts (MW) of electricity by 2023.
Mohammed made this known while speaking at a press conference in Abuja, the Nigerian capital on Friday.
The minister pointed out that Nigeria has 25 electricity generation companies (GenCos) that at the moment produce less than 5,000MW.
He, however, added that through the Siemens AG power deal, 11,000 megawatts (MW) of electricity will be produced while Nigerians will enjoy better electricity by 2023.
“Following an agreement with German company Siemens in July 2019 to boost power supply in Nigeria, the stage is set for the perennial power problem to become a thing of the past,” Mohammed said.
“Under the three-phase agreement, Nigerians will enjoy 7,000 megawatts of reliable power supply by the end of 2021 (phase 1), 11,000 megawatts by the end of 2023 (phase 2) and 25,000 megawatts in the third phase.”
“To put things in perspective, Nigeria’s current power generation capacity is more than 13,000 megawatts, but only an average of 3,400 megawatts reliably reaches consumers. In essence, the current amount of power that reaches consumers will more than double by the end of next year.”
“Besides, this will create thousands of jobs and will leapfrog the country into the next level of industrial and social development.”