“Nigeria Has Over 155Gigawatts Power Generation Deficit” – Experts

The highest electricity generation Nigeria has attained is about 4,600Mw, which is less than 5Gw, experts have said.

Meanwhile, the country should be 160 gigawatts (Gw) or 160,000 megawatts (Mw),the experts, who spoke to The Nation in Lagos on condition of anonymity, said.

They said it was laughable that the sector’s regulator, the Nigerian Electricity Regulatory Commission (NERC) would put a ceiling of N50 billion per year on the 11 electricity distribution companies (DISCOs) in the country.

They noted that NERC had to take the decision because anything above the amount may be difficult for the DISCOs to recover considering the poor revenue collections they make from electricity bills, as well as low tariff, which they said is not cost-reflective.

For the Federal Government to achieve its industrialisation aspiration, which is primarily premised on adequate and stable power supply, the sector should be opened to massive investment.