Saturday, March 28, 2026
29.8 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

BudgIT Demands Accountability over N129.5bn Disbursed on 2023 Census Without Result

Nigeria's last credible population census was conducted in 2006....

Leadway Strengthens Commitment to Healthcare Advancement with Support for 2026 AMSA Medical Education Conference

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has...

CBN Reaffirms Oversight, Assures Stability of Union Bank After Court Ruling

 The Central Bank of Nigeria (CBN) acknowledges the judgment...

Mutual Benefits Strengthens Customer Confidence with ₦4.2bn February Claims Payout

Mutual Benefits Assurance Plc, a leading player in Nigeria’s...

NCC Reaffirms Commitment to Expanding Broadband Access to Underserved Communities in Plateau State

L-R: Deputy Director, Legal and Regulatory Services, Nigerian Communications...

Topics

Addressing The Alarming Surge in Financial Fraud in Nigeria

By Elvis Eromosele The financial sector is the backbone of...

Five African Inventions for 2017

Here are five African inventions which may take off...

NAICOM Seeks Kano State Support on Compulsory Insurance

The leadership of the National Insurance Commission (NAICOM) recently...

Unlocking Investment in West Africa

Despite West Africa’s enormous investment potential, its integration into...

NITDA Reworks Certification of Indigenous OEMS

The management of the National Information Technology Development Agency...

Linkage Assurance Reports N11bn Premium in 2021 as Shareholders Applaud Growth

Shareholders of Linkage Assurance Plc have applauded growth of...

Worldwide PC Shipments Declined 7.7% in Qtr 3 2015

Worldwide PC shipments totaled 73.7 million units in the third quarter of 2015, a 7.7 percent decline from the third quarter of 2014, according to preliminary results by Gartner. Desktop PCs continued to show weakness with a high single digit decline, while the segment that combines notebook PCs and premium ultramobiles (such as the MacBook Air and Microsoft Surface Pro) recorded a low single digit decline.

Linkage Assurance Celebrates 2020 Customer Service Week with Kanu Nwankwo

L-R: Daniel Braie, Managing Director/CEO, Linkage Assurance Plc and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img