Adebayo Adelabu Archives - Lagos Talks 91.3 FM https://lagostalks.com/tag/adebayo-adelabu/ Lagos Tue, 23 Apr 2024 09:11:54 +0000 en-US hourly 1 https://lagostalks.com/wp-content/uploads/2022/03/Lagos-Talks-white-1-150x150.png Adebayo Adelabu Archives - Lagos Talks 91.3 FM https://lagostalks.com/tag/adebayo-adelabu/ 32 32 Federal Government Plans to Increase Power Generation to 6,000 Megawatts by 2024 https://lagostalks.com/federal-government-plans-to-increase-power-generation-to-6000-megawatts-by-2024/ Tue, 23 Apr 2024 09:11:53 +0000 https://lagostalks.com/?p=7429 The Minister of Power, Adebayo Adelabu, has announced the federal government’s ambitious plan to boost electricity generation from the current 4,000 megawatts to 6,000 megawatts by the end of 2024.  This declaration was made during a meeting with members of the Senate committee on power held in Abuja on Monday. Adelabu outlined the strategy to […]

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The Minister of Power, Adebayo Adelabu, has announced the federal government’s ambitious plan to boost electricity generation from the current 4,000 megawatts to 6,000 megawatts by the end of 2024. 

This declaration was made during a meeting with members of the Senate committee on power held in Abuja on Monday.

Adelabu outlined the strategy to achieve this target, emphasizing the utilization of hydro and solar power plants to augment the existing power infrastructure. He highlighted the importance of increasing electricity supply to households and businesses to stimulate economic growth and improve living standards.

Expressing concern over the current state of affairs, Adelabu lamented that the highest level of electricity generation thus far stands at only 5,800 megawatts, labeling it as an “unfortunate and sad situation.” He stressed the urgent need for improvement to meet the growing demands of the population.

Furthermore, the minister emphasized the government’s commitment to transforming the Electricity Distribution Companies (DisCos), which play a crucial role in the last mile of the power supply chain. 

Adelabu emphasized that the performance of DisCos directly impacts the overall effectiveness of the power sector. He warned that underperformance by DisCos would reflect poorly on the entire industry’s performance.

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Senate to Probe Failed Prepaid Meter Agreement and Two-Trillion Naira Electricity Subsidy https://lagostalks.com/senate-to-probe-failed-prepaid-meter-agreement-and-two-trillion-naira-electricity-subsidy/ Wed, 21 Feb 2024 14:40:50 +0000 https://lagostalks.com/?p=6789 The Nigerian Senate has resolved to investigate a failed agreement aimed at local manufacturing of prepaid meters and a two-trillion naira subsidy proposed by the Minister of Power, Adebayo Adelabu, to address challenges in the electricity sector. The decision was reached following a motion of public importance presented by Senator Aminu lya Abbas. The probe […]

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The Nigerian Senate has resolved to investigate a failed agreement aimed at local manufacturing of prepaid meters and a two-trillion naira subsidy proposed by the Minister of Power, Adebayo Adelabu, to address challenges in the electricity sector.

The decision was reached following a motion of public importance presented by Senator Aminu lya Abbas. The probe will focus on the reasons behind the collapse of the agreement intended to produce prepaid meters for nationwide distribution, as well as the proposed subsidy to prevent a recurrence of the fuel subsidy crisis.

Additionally, the Senate’s Committee on Power has been tasked with investigating the 1.3 trillion naira debt owed by the Ministry of Power to generating companies and the 1.3 billion dollars owed to gas companies.

Lawmakers also called for the Federal Government to halt plans for an increase in electricity tariffs by withdrawing subsidy and to engage the Nigerian Electricity Regulatory Commission to devise a lasting solution to the energy billing system.

The legislators resolved to also investigate the operations of DISCOs to ascertain the current status of metering and their extent of compliance with relevant legal and regulatory frameworks in service delivery as well as the release of funds by the Federal Government for mass pre-paid metering and report findings to the senate among others.

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