Power generation in Nigeria fell dramatically by 45.4% to 2,777.04 Megawatts (MW) on Wednesday, following a peak of 5,040.72 MW recorded just a day earlier. According to data from the Nigeria Electricity System Operator (NESO), part of the Transmission Company of Nigeria (TCN), generation peaked at 4,370.14 MW around midday before dropping further later in the day.
This decline underscores ongoing issues in the power sector, including inadequate gas supply to thermal stations and deteriorating transmission infrastructure. Despite recent adjustments to billing for Band A power consumers, improvements in the power value chain remain elusive.
Minister of Power, Adebayo Adelabu, had previously reported a high of 5,313 MW on Monday, but Vanguard’s findings indicate the figure closed at 3,940.49 MW with a peak of 4,805.59 MW recorded at 8:00 PM.
In response to the sector’s struggles, Sanusi Garba, Chairman of the Nigeria Electricity Regulatory Commission (NERC), has urged investors and distribution company owners to propose solutions and regulatory interventions to address the sector’s challenges. Adetayo Adegbemle of Power Up Nigeria emphasized the need for appropriate electricity pricing, subsidy removal, and innovative metering solutions to better meet market demand and support sector development.
Adegbemle also advocated for a liberalized electricity market to ensure comprehensive and efficient power coverage across the country.
