After the nation achieved its milestone of 5,074.70MN on February 2, power supply to households and businesses across the country has plunged by 1,589.69 megawatts.
According to reports from the Federal ministry of Power, electricity supply has dropped to 3,485MW from the 3,558.39MW generated.
This occured after the Minister of Power, Works and Housing, Babatunde Fashola (SAN), had promised that the country would increase its power production by 2,000MW before the end of this year.
Fashola stated that given the various plans undertaken by the present administration in the sector, power generation would increase by 2,000MW in the last quarter of this year.
He said that a lot had changed in the management of power in Nigeria in recent times.
“Distribution of power is no longer a government business but has been taken over by private companies. Also, government has privatised power generation, which has steered towards the full privatisation of the sector with transmission aspect being managed by Manitoba International of Canada,” he said.
RT @BizWatchNigeria: Electricity Supply Falls By 1,589MW – https://t.co/0mGvOiUn5X https://t.co/5BFXmx9STy