President Bola Tinubu has described as a shame that the country total power generation capacity still stands at 4.5GW of electricity despite its size and population.
The President made the disclosure during the inauguration of a 31-member Presidential Economic Coordination Council at the Council Chamber of the Presidential Villa Abuja, yesterday.
Tinubu stressed the need for innovative solutions to the country’s economic challenges to tackle the challenge of energy security in Nigeria. We need to work together to improve our oil and gas sector, and we must also increase electricity generation and distribution throughout the country.
“We are determined to do that with your cooperation, collaboration, and recommendations. As a nation, it is so shameful that we are still generating 4.5GW of electricity.
‘’We must increase our oil production to two (2) million barrels per day within the next few months and we are determined to remove all entry barriers to investments in the energy sector while enhancing competitiveness.”
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