Business Nigeria Generates 4600MW Electricity

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LequteMan

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The Federal Government of Nigeria on Thursday said power generation for the first time in Nigeria’s history,hit 4,600 megawatts of electricity.

Excerpt from Punch:

Before Thursday’s announcement, the country’s highest peak generated power was recorded on December 23, 2012 at 4,517.6MW.

According to the government, the rise to 4,600MW is due to the various measures adopted in recent times to boost power generation across the country following the privatisation of the sector.

Some of the measures include the provision by the Central Bank of Nigeria of N213bn intervention fund for operators in the sector to be able to settle their outstanding gas debts and boost their operations, and the efforts made by government in arresting the menace of power infrastructure vandalism.

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