The Minister of Power, Alhaji Saleh Mamma, has promised that the ministry will improve the electricity supply to Nigerians.
Mamma who made the promise on Tuesday, July 20, while speaking with newsmen during the Eld-el-Kabir celebration in Jalingo said communities that were underserved would enjoy adequate service soonest.
The minister also assured those communities who had not been connected to the national grid that alternative sources of power generation would be provided to them.
Mamman, however, urged Nigerians to embrace peace, saying only peaceful coexistence would bring development.
He said: “We do not have another country of our own and we must join hands together to build the Nigeria of our dream.”
Meanwhile, Techeconomy.ng previously reported that the World Bank disclosed that Nigerian government had borrowed a total of N1.3tn since 2017 to meet the needs of electricity generation companies and gas suppliers.
This medium obtained this from the bank’s ‘Resilience through Reforms report that read in part: “In other to ensure that Gencos and gas suppliers get enough payments to continue generating electricity, the government borrowed a total of N1.3tn ($4.2bn).
“In 2019 total FGN support reached N524bn ($1.7bn), 0.4 per cent of GDP – higher than the N428bn budget for health and just 20 per cent less than the N650bn budgeted for education.”
The bank also noted that even though all the six generation companies and eleven distribution companies have been privatised, the Nigerian government via the its Bulk Electricity Trading Company buys electricity from the GENCOs and independent power producers before reselling to the Discos
According to the organisation, the government, through the Nigeria Electricity Regulatory Commission, regulates tariff in the sector rather allow market forces to determine it.
It added that the Transmission Company of Nigeria was still strictly government-owned, saying, “Every Nigerian that gets energy from a Disco pays less for electricity than the cost of supplying it.