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We Can’t Continue To Subsidise Power – FG

The Federal Government said on Wednesday that it would not continue to give subsidy to the power sector.

It called on Distribution Companies in the country to improve on their financial and technical capacity to deliver or the government would intervene more directly to find solutions to darkness.

The Minister of Power, Saleh Maman, said after the Federal Executive Council meeting on Wednesday that a “plan” had been submitted to the government, targeted at resolving the challenges faced by the sector.

He stated that the government was in talks with a German firm, Siemens, to be part of solutions it was seeking to address the challenges.

Giving an insight into some of the challenges, the minister said Nigeria had the capacity to generate 13,000 megawatts and could transmit 7,000MW.

However, he stated that much of the problems lay with the distribution companies, as they could only take 3,000MW to 4,000MW.

Worse still,  Maman said the DisCos would take the 3,000MW but pay for only 1,000MW, an indication of lack of financial capacity.

“Government will not continue to subside the sector.


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About Djkotech | Always Stay Connected

Akpore Eguono Love (born 04 May 2001), known professionally as Dj Kotech (sometimes stylized as Kotech joor), is a Nigerian disc jockey and a blogger. Dj Kotech signed a record deal with Mighty Men Empire (M.M.E) in 2016. He rose to prominence after releasing “Good Times” followed by “Oga Sars“. In February 2018, Dj Kotech […]more →