N10trn investments in 13 years fail to lift power supply
Tegbe listed the measures which starts with a technical audit of the national transmission network, and then harmonising federal and state electricity regulations; grid stabilisation program; sector liquidity and sustainability; a strategic asset centralization; a super grid programme.
The interventions include the Central Bank of Nigeria’s N213 billion Nigerian Electricity Market Stabilisation Facility; the N701 billion Payment Assurance Guarantee for generation companies (GenCos); over N200 billion under the National Mass Metering Programme; N700 billion Presidential Metering Initiative, PMI; and the €2.
Government officials said the programme was expected to restore liquidity to the Nigerian Electricity Supply Industry, NESI, improve investor confidence and create the financial stability required to attract fresh investments into the sector.
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