Nigerians have been guaranteed the generation, transmission and distribution of an average of 5,000MW of electricity daily from July 1, 2022.
This was disclosed by the Chairman, Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, during a media briefing in Lagos on Wednesday, last week.
According to him, Nigerians will witness improved power supply from July 1 following renewed efforts by industry stakeholders.
Garba said, “We have had discussions with the gas suppliers within our regulatory space. We have them on board to ensure that once we made the commercial requirements, gas was going to flow.
“Now, for transmission, we have heard of figures well in excess of 5,000MW and clearly TCN will be able to deliver that. I recall clearly in March last year we had 5,400MW. So, it means it is quite possible based on signed commitments.
“All the stakeholders across the value chain had obligations and there would be consequences if they failed to deliver. So, in a situation where GenCos are able to deliver 5,000MW but TCN is unable to do so, they’ll pay the penalty to the generation company and so on.
“And whenever the power is available and DisCos do not take the power; then they will pay liquidated damages that will compensate other market participants.
“We might not have 24/7 power supply from July 1 but Nigerians will see the trajectory because the target is to have an average of 5,000MW daily for transmission and distribution.”
He commended the Federal Government and the Central Bank of Nigeria (CBN) for the intervention in the power sector, adding that the country would soon start feeling the impact of the investments positively.