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    ALMOND 94.3 FM Ibadan

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MINISTER IDENTIFIES CAUSES OF POWER FAILURE

todayFebruary 15, 2024 3

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The Minister of Power, Chief Adebayo Adelabu has identified some of the problems responsible for inadequate and unstable power supply in the country

These according to him, include inadequate shortage of gas supplies and ageing, dilapidated generation machinery as well as fragile transmission lines.

The minister while addressing newsmen in Abuja said that the Federal Government was committed to settling more than three trillion Naira inherited debts in the power sector.

Chief Adelabu said, the issues with the electricity supply value chain are multiple simple technical operational problems across all segments of the value chain.

According to him, these issues are complicated by a lack of sustaining liquidity and infrastructure funding, as well as structural misalignment.

Chief Adelabu noted that the Ministry of Power was liaising with the Ministry of Finance, Budget, and Minister of State for Petroleum Resources (Gas) , Economic Planning and Office of the Special Adviser on Energy to the President to settle the outstanding debt and work arrangement for firm gas supply contracts for the generating companies, Gencos.

He said that the sector might find it challenging move forward and assured Nigerians  that the sector is working underground to resolve these issues.

 

 

Written by: Almond News

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