President Muhammadu Buhari has assured that Nigeria is working hard to resolve the electricity challenges facing the country.
The president stated this while receiving the President of Togo, Faure Gnassingbe, at the Presidential Villa, in Abuja, sweetcrude reports.
Buhari noted that the problem is also affecting other neighbouring countries who are depending on Nigeria for their electricity supply.
According to him, “They say seeing is believing, you can see the efforts private investors are making. We are also building pipelines but it is not as formidable as what Dangote is doing, we are improving on it. We also have the LNG that is helping us to liquefy the gas and then turn it into gas with modern technology and modern technology is making it flexible.
He added, “And if you will recall, I made mention to President of Benin, we have power supply problem and Benin has power problem because they depend on us and we are working very hard to stabilise the situation. The resources are available, the technology is available we are trying to stabilise the situation.
On his part, Gnassingbe said, “Because we have been talking of socio-economic integration and promoting trade among African countries. If you want to promote trade you have investors that are very competitive and will contribute to reducing import from non-African countries.
Meanwhile, the electricity supply to the 11 Electricity Distribution Companies (Discos) on July 29 dropped to 2,796megawatts (MW) on the lack of gas supply to thermal power plants due to vandalism of gas pipelines.
The Nigerian Electricity Supply Industry (NESI) disclosed this on its website yesterday, saying that lack of gas supply resulted in no generating or shut-in of 4,595MW.