President Bola Ahmed Tinubu has expressed his disappointment with the poor electricity power generation in Nigeria despite the country’s vast size. During the inauguration of a 31-member Presidential Economic Coordination Council at the Council Chamber within the Presidential Villa in Abuja, President Tinubu said it was shameful that Nigeria is still producing 4.5GW of electricity.
The Nigerian leader highlighted the necessity for creative approaches to address the nation’s economic issues, emphasizing the role of collaborations between the public and private sectors in spearheading economic changes.
He pointed out the issue of energy security in Nigeria, stressing the need for collective efforts to enhance the oil and gas industry and to expand the generation and distribution of electricity across the nation.
Tinubu said: ”We are determined to do that with your cooperation, collaboration, and recommendations. As a nation, it is so shameful that we are still generating 4.5GW of electricity.
”We must increase our oil production to two (2) million barrels per day within the next few months and we are determined to remove all entry barriers to investments in the energy sector while enhancing competitiveness.”
