Nigeria’s Power Minister Professor Chinedu Nebo acknowledged it is highly improbable that Nigerians will experience steady power supply this year.
He spoke in Lagos at the annual Power Investors Summit hosted by EnergyNet in conjunction with Nextier Capital Limited.
Minister Nebo noted that Nigeria is struggling to come out of the state of dilapidation, a state of total disrepair of infrastructures and decay.
“Most of the plans are not going to be ready by the end of the year. What we think from all study and framework right now is that by the end of the year, we will be able not only generate but have the transmission capacity to wheel out 6000 megawatts. That’s what we are projecting from a very technical and realistic point of view.”
The Minister added that much of the funds have been put aside for various projects that will continue to grow transmission capacity by 2015 to 2017.
He also noted that the distribution companies need a proper monitoring by the BPE and National Council on Privatization, as they tend to conceal the real state of affairs and hide the financial gaps that they have.