Tag
ELECTRICITY DISTRIBUTION
Lagos State estimates its electricity needs at approximately 12,000 megawatts and is seeking private investment in power generation and distribution to help close the gap between demand and supply from the national grid.
The Nigerian Electricity Regulatory Commission (NERC) has approved N30 billion for the third tranche of the Meter Acquisition Fund (MAF) to provide free electricity meters to unmetered Band A customers and accelerate metering for Band B customers.
The Federal Government is advancing plans to establish Energy Zones in Nigeria’s highest-demand areas as part of efforts to deliver stable, 24-hour electricity to homes, businesses and industries.
Egypt spends $39 billion between 2014-2019 for a population of around 109 million to double its electricity output to about 60,000 MW. Nigeria might spend $100 billion as the minimum within the same timeframe or more to provide constant electricity and increase access to almost 100 per cent for a population of over 200 million.
The need for reliable power supply has risen with the coming of COVID-19 and the need to work remotely.