The Minister of
Power and Steel, Professor Chinedu Nebo disclosed this on Friday at the
official commissioning of 1 X 150MVA, 330/132kv Transformer at Ayede 330/132kv
Substation, Ibadan, Oyo State capital.
He said that the
president had also approved a master plan for a national grid which would
provide power to all rural areas in the country.
According to
him, this will have a national transformation impact on the country's
electricity supply.
The minister
further said that Nigeria has a metering gap of three million, adding that it
is a huge market for meters manufacturers to tap into.
Commenting on
the fate of the staffs of the defunct Power Holding Company of Nigeria (PHCN),
he said "Over 40,000 of the 47,000 PHCN workers had been paid off"
while work is ongoing to ensure that the remaining 7,000 workers whose
bio-metric capturing were not perfect or have multiple banks accounts"
On the
challenges confronting the power sector, Nebo said vandalism of the gas
pipelines and electricity equipment had been a major setback to achieve stable
power supply.
Nebo urged
Nigerians to be patient with the new power investors, stressing that it will
take some couple of months before Nigerians can be confident of stable power
supply.
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