Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Energy

President Buhari explains why national grid collapsed

Says issue of electricity blackouts being experienced across the nation is being addressed.

William Ukpe by William Ukpe
March 17, 2022
in Energy
FG vows to take decisive action against IPOB, others, identifies their sponsors
Share on FacebookShare on TwitterShare on Linkedin

President Muhammadu Buhari revealed that the present electricity challenge plaguing Nigeria is mainly caused by low gas-power generation as a result of sabotage of gas pipelines, leading to the shutdown of power plants.

The President disclosed this in a statement on Wednesday evening while apologizing to Nigerians over fuel and electricity challenges.

He added that so far the restoration to the grid of 375MW has been achieved.

RelatedPosts

Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim

Shell pauses Nigerian onshore divestment pending outcome of court case

What the President is saying

President Buhari assured Nigerians that the issue of electricity blackouts being experienced across the nation, it is being addressed.

  • He said, “A dip in hydroelectric generation due to seasonal pressures has coincided with technical and supply problems at thermal stations. On this, the government is also working tirelessly to resolve the issues at these stations, to guarantee sufficient power flows into the national grid.
  • “We have identified the main challenge as being one of low gas-power generation as a result of sabotage of gas pipelines, leading to the shutdown of power plants. This in addition to ongoing routine maintenance on other gas power plants.”

He added that actions currently being taken have since been agreed upon between the players in the Nigerian Electricity Supply Industry (NESI), and also the NNPC, with a target of recovering over 1000MW.

  • “So far, the restoration to the grid of 375MW has been achieved, following successful repairs to a critical pipeline.
  • “I am pleased to add that a USD 50 Million Gas Supply agreement is being finalized to secure the availability and sustainability of up to 800MW of underutilized National Integrated Power Project (NIPP) capacity,” he added

In case you missed it

Nairametrics reported earlier that Minister of Power, Abubakar Aliyu said that the national grid which collapsed twice this week has been recovered as it has solved the power outage being experienced across the country.

He added that the more reason we are facing the situation now is as a result of the shortage of gas and some of the generators have to go into maintenance.

Related

Tags: ElectricityGas pipelinesNESINigerian Electricity Supply IndustryPresident Muhammad Buhari

Comments 2

  1. Uc says:
    March 18, 2022 at 9:24 am

    No one sabotages gas pipeline, what FG needs to do is go back and check on all those they gave gas pipeline design and construction projects. FG is just making the poor masses suffer for what they know nothing about. I will rest my case here, but someday will name one or two.

    Reply
  2. dan says:
    June 4, 2022 at 7:44 pm

    What a liar. After 7 years in office Nigeria is still in darkness. SHAME !

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa
    • Nigerian Exchange suspends Royal Exchange, C&I Leasing, 7 others for default in audited financial statements
    • NGX closes flat as market capitalization grows slightly by over N6 billion

    Follow us on social media:

    Recent News

    Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa

    Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa

    July 1, 2022
    FBN Quest, Cordros, Apel lead best performing stockbroking firms in October 2021

    Nigerian Exchange suspends Royal Exchange, C&I Leasing, 7 others for default in audited financial statements

    July 1, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com