Saturday, June 6, 2026
25.1 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
spot_img

Hot this week

Govt Comprehensive Secondary School, Borikiri, Crowned Champion of 2026 NLNG Science Contest

Sophia Horsfall, General Manager, External Relations and Sustainable Development,...

Former Power Minister, Barth Nnaji, to Grace SUPERNEWS Confab as Special Guest of Honour

The Chairman, Geometric Power Limited and former Nigerian Minister...

IFC, NGX Group, LCCI Unveil Nigeria Gender Country Program at CEO Roundtable

The International Finance Corporation (IFC), Nigerian Exchange Group (NGX...

NAICOM Chief Leads Delegation to Abia State, Pledges Partnership on Policyholders Protection, Economic Growth

The Commissioner for Insurance, National Insurance Commission (NAICOM), Mr....

Topics

NAIPE 10th Anniversary Conference Attracts 28 Corporate Sponsors

  ‎Twenty-eight organisations including insurance companies, insurance institutions, broking firm,...

Ecobank MD Affirms Support for Movie Industry

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan says the...

Xenophobia Row Exposes Rivalry Between Nigeria, South Africa

The recall of Nigeria’s top diplomat after a spate of xenophobic attacks in South Africa follows several similar spats that expose the two countries’ deep rivalry for economic and political dominance in Africa. Nigeria’s Acting High Commissioner to South Africa Martin Cobham said he had been “invited” to Abuja to discuss this month’s anti-immigrant attacks in South Africa, which have killed at least seven people. Televised images of armed gangs attacking immigrants and looting foreign-owned stores in Johannesburg have sparked a backlash in Nigeria, where hundreds protested in front of shops owned by South African brands like MTN and Shoprite.

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Ecobank, Terre des Hommes Launch Safe Savings Project to Empower Street Children Escape Poverty

Ecobank, the pan-African bank, is partnering with leading international...

How MTN’s Financial Woes Highlight the Challenges of Doing Business in Nigeria 

  By Elvis Eromosele  Doing business in Nigeria is tough. While...

AFC Partners Solid Minerals Dev Fund on Private Sector-Led Mining Projects in Nigeria

    Africa Finance Corporation (AFC), the continent's leading infrastructure solutions...

Nigeria Abolishes Capital Levels for Insurance Firms

The National Insurance Commission and operators have jointly...
spot_img

Related Articles

Popular Categories

spot_imgspot_img