Vice President Yemi Osinbajo says the Federal Government’s power sector reforms are already yielding results as steady progress is being recorded in power generation, transmission and distribution capacities on the national grid.
Osinbajo said distribution capacity in the 11 Distribution Companies also known as DisCos were significantly low; hovering at around 4,000MW on average with a peak of about 5,400MW.
He said that despite the availability of 8,000MW of generation and 7,000MW of transmission capacity, lack of DisCo infrastructure to absorb and deliver grid power to end users had largely restricted generation to an average of about 4,000MW.
On the Federal Government’s strategy that has improved generation and transmission capacities, Osinbajo said after a thorough assessment of the sector, it was evident that the current system needed serious adjustment to yield the desired results.
Earlier in his remark, the Managing Director of NDPHC, Mr Chiedu Ugbo, said the completion of the Abeokuta substation would substantially improve electricity supply to Abeokuta, Otta and environs as it would address challenges associated with load shedding, amongst others.
He thanked President Buhari for prompt approvals given to all ongoing distribution projects across the country.
Ugbo added that more distribution and transmission projects would be commissioned across the country before the end of the year to improve power supply.