Saturday, January 17, 2026
27.6 C
Lagos

Nigeria Plans 2,000 MW Power Capacity in 2016

The Nigerian government has unveiled plans to install 2000 MW of additional power plants in the country this year. This was announced by the Minister of Power, Babatunde Raji Fashola in Abuja.

Fashola said: “It is possible. I believe we can do it if we can implement the right methodology”.

During budget defence of his ministry before the Senate Committee on Power and Mines, the Minister said the national power industry was undergoing changes that would gradually lead to its independence in the nearest future.

He added that a major part of the 2016 budget would be directed towards the completion of various on-going power projects in the country and also expansion of the national transmission grid.

At the recent COP 21 event, Nigeria made concerted efforts to inject additional 13,000 MW to its power capacity through off-grid power plants.

spot_img
spot_img
spot_img

Hot this week

State Police and the Questions Nigeria Can No Longer Avoid

By Tosin Osasona Nigeria’s post-1999 democratic era has coincided with...

NESG Hosts 2026 Macroeconomic Outlook, Highlights Growth Prospects, Reform Consolidation

L-R: Mr. Omoboyede Olusanya, Vice Chairman II, Nigerian Economic...

Rand Merchant Bank Nigeria Acts as Lead Issuing House on the N236bn PRESCO Rights Issue

Rand Merchant Bank Nigeria Limited is pleased to announce...

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

Aviation: Five Key Risks That Will Shape 2026

By Marie Owens Thomsen Senior Vice President, Sustainability & Chief...

Topics

PTAD: The Welfare of Pensioners in Nigeria is Paramount

The Pension Transitional Arrangement Directorate (PTAD) has reiterated its...

Zenith Bank Marks Successful Public Offer, Achievement of Recapitalisation at NGX

Zenith Bank Plc yesterday marked a significant milestone with...

Africa’s Growth Slows but Long-term Potential Remains Strong

Six years ago when the McKinsey Global Institute first...

Linkage Assurance Reports 50% Revenue Growth in 2024

L-R: Funkazi Koroye-Crooks, Non-Executive Director; Moses Omoregbe, Company Secretary;...

NAICOM, STI Communication Managers Win 2021 NAIPCO Award

Mr. Rasaaq Salami, Head, Corporate Communications and Market Development...

2023: What’s the Peace Accord for?

By Haniel Ukpaukure Many years of faltering in Nigeria’s electoral...

NCDMB Chief Outlines Pillars to African Collaboration Strategy on Local Content

The Executive Secretary of the Nigerian Content Development and...

First Bank Deepens Financial Inclusion via Agent Banking Network, Empowers SMEs

Adesola Adeduntan CEO First Bank At present, there are over 86,000...
spot_img

Related Articles

Popular Categories

spot_imgspot_img