DAILY POST
Adebayo Adelabu, the Minister of Power, says the government is targeting a $20 million investment to ramp up power generation to 20,000 megawatts by 2026.
He disclosed this on Tuesday at the ongoing Nigeria Energy Conference.
He noted that if the country cannot transmit 80 to 85 per cent of its generated power to electricity customers, the situation amounts to a waste of investments.
Adelabu said the government and stakeholders within the power sector must work assiduously towards eliminating the 8 million metering gap in Nigeria.
He said: “If we cannot transmit 80 to 85 per cent of the generated power to customers, then we are wasting investments. We must invest in metering technology; if we can eliminate the 8 million metering gap in Nigeria and develop technology to ensure that collections are monitored, and we can collect up to 90 per cent of power distributed, liquidity is assured in this country.
