President Muhammadu Buhari has disclosed that his administration is working to improve Nigeria’s power supply, despite constraints and bottlenecks that have resulted in multiple grid outages.
He revealed that Nigeria is decentralizing the national grid through renewable-powered mini-grids and that the constitutional amendment bill, once signed into law, will allow state governments to generate and transmit their electricity.
In an interview with Bloomberg on Tuesday, President Buhari announced that the Federal Government had set aside $550 million to install 20,000 Standalone Solar Systems (SHS) and Solar Hybrid mini-grids in over 250 locations.
“We are also decentralizing the national grid through renewable-powered mini-grids,” he said.
“Over 20,000 Standalone Solar Systems (SHS) and Solar Hybrid mini-grids have been deployed in over 250 locations as part of the 550 million dollar Nigeria Electrification Project.”
He also stated that his administration is working hard to improve the grid as a result of the power initiative agreement with Siemens.
“Take, for example, my Presidential Power Initiative (PPI), a two-billion-dollar investment in the electricity grid by the governments of Nigeria and Germany in collaboration with Siemens AG.
“Once signed into law, the constitutional amendment bill – recently passed by parliament – will allow state governments to generate and transmit their electricity, facilitating investor participation in our market and allowing states and local businesses to transmit excess supply to the grid,” he added.
Buhari highlights strategies to decentralise National Grid