It was gathered in Abuja on Wednesday that in the MYTO 2015, the approved average capital expenditure allowance to Discos was about N4bn ($12m) per Disco annually, which the power distributors described as insufficient to meet their various annual network expansion demands. About three weeks ago, the Managing Director, Transmission Company of Nigeria, Usman Mohammed, told our correspondent that citizens across the country should not expect stable electricity until power distributors recapitalize in order to effectively expand their network.
“We cannot have a stable grid unless we have an adequate investment on the distribution side and that is why we have been calling, as a transmission company, that distribution has to be recapitalized. They (distribution companies) need to have a commensurate investment on the network,” Mohammed stated. Industry data showed that over $1.5bn worth of investment was being invested in Nigeria’s power transmission network and unless a commensurate sum is invested in the distribution arm of the sector, the power supply may not improve as expected.
Power Shortage: Buhari Fails To Deliver Promised Relief – Punch
Exactly four years ago, President Muhammadu Buhari described the nation’s power crisis as “an immediate concern” and promised to tackle it “head-on,” but Nigerians are still groaning under the weight of blackouts. No single cause can be identified to explain the Nigerian’s poor economic performance over the years than the power situation. It is a national shame that an economy of 180 million generates only 4,000MW, and distributes even less. Continuous tinkering with the structures of power supply and distribution and close to $20b expended since 1999 have only brought darkness, frustration, misery, and resignation among Nigerians. We will not allow this to go on. Careful studies are underway during this transition to identify the quickest, safest and most cost-effective way to bring light and relief to Nigerians.”
Those were the words Buhari used while decrying the state of the nation’s power situation in his inaugural speech after his swearing-in as President of the Federal Republic of Nigeria on May 29, 2015. Talking about unending and seemingly impossible fuel and power shortages, he said, “We are going to tackle them head-on. Nigerians will not regret that they have entrusted national responsibility to us. We must not succumb to hopelessness and defeatism. We can fix our problems.” Total power generation in the country stood at 3,306.3 megawatts on Wednesday (May 29, 2019), exactly four years after the President decried that “an economy of 180 million generates only 4,000MW.”
The nation’s power plants generated 3,694MW on Tuesday, up from 2,978MW on Monday, according to data from the Nigeria Electricity System Operator, an arm of the Transmission Company of Nigeria. The data showed that power generation plunged to zero megawatt as of 6.00 am on May 9 and 10. This month, the power grid experienced what the Managing Director of TCN, Mr Usman Mohammed, described as the worst system instability since he assumed office.