Vice President, Prof. Yemi Osinbajo says there is a need for a substantial change of strategy in order to meet the electricity needs of homes and businesses in the country.
Osinbajo expressed his dissatisfaction on Thursday at the inauguration of a 2x60MVA, 132/33kV substation and associated 132kV transmission lines at Abeokuta, Ogun State.
He lamented the inability of the of electricity distribution companies (Discos), to distribute available grid power to consumers.
“The distribution capacity in the 11 Discos are significantly low, hovering at around 4,000 megawatts on average with a peak at about 5,400MW. So, despite all the availability of about 8,000MW of generation and 7,000MW of transmission capacity, the lack of Disco infrastructure to absorb and deliver grid power to end-users has largely restricted generation to an average of about 4,000MW, and sometimes even falling below 4,000MW,” the Vice-President said.
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The distribution and generation companies carved out of the defunct Power Holding Company of Nigeria were handed over to private investors on November 1, 2013, following the privatisation of the power sector by the President Goodluck Jonathan administration.
Osinbajo said, “It is evident that despite all the efforts that has been put into trying to expand the grid…the structure of the market today cannot deliver on the government’s promises to provide power for domestic and industrial use.
“A substantial change of strategy is necessary. There is clearly a need for a change of strategy. What we have done in the past has taken us to a point where there is clearly a change of strategy.”
Yetunde Adegoke
