Minister of Power, Works and Housing, Babatunde Raji Fashola, has expressed optimism that given the various plans undertaken by the government in the sector, power generation would increase with additional 2000megawatts (Mw) by the last quarter of this year.
He spoke during the Ministry’s budget defence before the Senate Committee on Power and Mines adding that a lot has changed in the management of the sector in recent times.
Distribution of Power is no longer government business, but has been taken over by private firms. Also government has privatised power generation which has steered towards the full privatisation of the sector with transmission aspect being managed by Manitoba International of Canada, he explained.
Assistant Director (Press), Power Ministry, Etore E. Thomas, in a statement quoted Fashola as saying that the 2016 budget focuses more on transmission, completion of ongoing projects, refurbishing power plants and tackling gas supply issues.
