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Since Independence, Nigeria is Yet to Generate Up to 6000mw Electricity , Needs 200,000mw
Since 1960 when Nigeria attained independence till date, Africa’s most populous nation has not generated up to 6000 megawatts (mw) of electricity, the Association of Nigerian Electricity Distributors (ANED) has said.
The Executive Director, Research and Advocacy, ANED, an umbrella body of power distribution companies (Discos), Mr. Sunday Oduntan, disclosed this in Lagos at a one-day workshop for energy reporters and civil society groups.
The workshop centred on the topic: “Building Consumer Awareness and Strengthening the Customer Service Capacity Of Electricity Distribution Companies”, and was organised by ANED in partnership with McArthur Foundation.
Oduntan, who stated that Nigeria would require 200,000mw of power generation to meet the electricity need of its 200 million citizens, added that going by international standards, 1,000mw was needed to serve one million people.
Of Nigeria’s 13,000mw of installed generation capacity, only 3,500mw to 5,000MW was available for transmission to the final consumers.
With 28 generating plants connected to the national power grid, many suffer from recurrent challenges such as maintenance and repair requirements, trips, faults and leakages that make them unavailable for evacuation to the national grid sometimes.
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Also, gas supply shortages caused by the inability of generation companies to pay for gas, sub-optimal gas pricing, as well as the vandalisation of gas transportation facilities leading to shutdown of gas plants were among the many impediments to power generation in the country.
“Since 1960, the country has not generated up to 6,000mw of electricity thus creating a huge gap in service delivery in the system.
“There are 28 power generation companies in Nigeria which comprise three hydro powered stations and 25 thermal stations currently operating below capacity and collectively generating an average of about 4,000 megawatts,” Oduntan said.
Expressing dissatisfaction with the performance of the government-controlled and centralised Transmission Company of Nigeria (TCN), which has been notorious for witnessing unending collapse of its grid with attendant nation-wide blackout, the ANED spokesman advised the federal government to hand over TCN to capable private people that can operate and manage it better.
Noting that TCN has contributed to the poor performance of the sector, he warned that failure to privatise the company would keep Nigeria perpetually experiencing power supply disruptions with attendant negative impact on homes and businesses.
Oduntan also criticised TCN for not having Supervisory Control and Data Acquisition (SCADA) since all these years of its operations, arguing that that was the reason it was hard for the company to discover faults seamlessly and in real-time from its office without someone physically reporting faults on its networks to it
SCADA is a digitalised system that enables prompt and more efficient monitoring of all activities on the networks and resolves issues detected on time.
He, however, exonerated the Discos for their inability to pay for electricity purchased from the Gencos, blaming that on what he described as energy dumping and in most cases inadequate supply to meet customer requirements.
He said the non-implementation of cost-reflective tariff in the power sector was a major impediment to the development of the sector and achieving steady power supply to customers nation-wide.
Arguing that achieving 24 hour power supply in the country was possible and had been tested and proven, Oduntan cited the ongoing premium power arrangement between some Discos and some franchise areas, like Ikeja GRA and Magodo in Lagos, where residents are enjoying steady power supply because of their readiness to pay the right price for electricity.
The Commissioner of Police in Osun, Mohammed Abba, has pledged collaboration with the National Drug Law Enforcement Agency (NDLEA) in tackling the menace of drug Abuse in the state.
A statement by the Police Public Relation Officer, CSP Yemisi Opalaola, on Thursday in Osogbo, said that the commissioner made the pledge while playing host to NDLEA State Commandant, Adetula Lawal.
Abba expressed his readiness to further strengthen the healthy partnership between the two agencies.
The police commissioner said that the fight against drug abuse required collective efforts.
According to him, many of those committing crimes are doing so under the influence of dangerous drugs.
Abba promised to provide the necessary support to the NDLEA in the state.
The statement quoted Lawal as commending the police commissioner’s efforts in combating crime and criminality in the state.
He reiterated the agency’s collaboration with the police, as a leading security agency to tackle the menace of drug abuse and trafficking in the state.
Financial experts have raised alarm that the implementation of the 4 per cent Free-On-Board (FOB) Levy on imports would exacerbate inflation in the country.
The News Agency of Nigeria (NAN) report that the Nigeria Customs Service (NCS) on Feb. 5 announced its introduction of the FOB levy on imports.
According to Abdullahi Maiwada, the spokesman of the service, the introduction of the levy was in line with the provisions of the Nigeria Customs Service Act (NCSA) 2023.
“In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4 per cent charge on the Free On-Board (FOB) value of imports.
“The FOB charge, which is calculated based on the value of imported goods, including the cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the service.”
However, a former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, Dr Wale Adegbite and Evans Osabuohien, a Professor of Economics, said that the levy would worsen the nation’s inflation rate.
In separate interviews with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun, Adegbite and Osabuohien of the Department of Economics, Covenant University, said that the policy would negatively impact the economy.
The former MAN chairman said that the 4 per cent levy by the NCS “is a disaster and will worsen an already bad situation with multiple devastating effect on the economy.
” Why would the government inflict more hardship on the population as this new policy will certainly lead to more price increase, thus further increasing the country’s inflation rate.
“In addition, the masses will suffer more because of the impending price increase without any corresponding increase in income.”
Also, Osabuohien said that though the new FOB policy by the NCS was meant to generate more revenue for the federal government, but it would negatively impact on the economy.
He said that the NCS action would increase the cost of living of households.
The economist explained further that the development would increase the cost of operations of Small Medium Enterprises (SMEs), especially those companies that depend on imported raw materials for their production.
“This additional cost to be incurred through the 4 per cent increase in FOB would be transferred to the consumers and it would automatically trigger increase in the nation’s inflation rate,” Osabuohien said.
U.S. President Donald Trump plans to impose tariffs of 25 per cent on steel and aluminium imports into the United States, he said on Sunday.
“Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump said, according to journalists travelling with the president. When questioned about tariffs on aluminium imports, Trump replied, “25 Per cent for both.”
Trump also confirmed his plan to announce further reciprocal tariffs in the coming week.
He spoke of an announcement on Tuesday or Wednesday.
“Very simply, if they charge us, we charge them, Trump told reporters, adding that the tariffs would go into effect almost immediately.”
U.S. tariffs of 10 per cent on Chinese goods took effect from Feb. 4.
The planned tariffs of 25 per cent on Mexico and Canada were suspended for an initial period of 30 days following promises from the two countries to increase border security measures.
Trump won November’s presidential election promising to slap high tariffs on foreign goods to reduce U.S. trade deficits.
He implemented a number of duties during his first term from 2017 to 2021.
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