Tinubu Announces Plans to Address Power Challenges with Increased Gas Supply

President Bola Tinubu has revealed the Federal Government’s initiative to tackle power challenges in Nigeria by introducing an additional 500 million standard cubic feet of gas into the domestic market. The government aims to enhance industrialization and job creation through increased gas supply to the nation’s economy.

Tinubu made this announcement on Wednesday during the inauguration of three critical gas infrastructure projects executed by the Nigerian National Petroleum Company Limited, Seplat Energy, and other partners in Ohaji-Egbema, Imo State, and Kwale, Delta State.

The initiative comes in response to the nationwide blackouts experienced in January 2024 due to gas shortages. Gas companies had halted supply to electricity-generating companies over unpaid debts, leading to a drastic drop in power generation from around 4,000MW to below 2,500MW, impacting the capacity of distribution companies to supply electricity to consumers.

With the launch of the expansion projects including the AHL Gas Processing Plant, the ANOH Gas Processing Plant, and the 23.3km ANOH to Obiafu-Obrikom-Oben (OB3) Custody Transfer Metering Station Gas Pipeline, President Tinubu assured that there would be ample feedstock for the nation’s gas-fired thermal power plants.

Stakeholders are expected to monitor the effective utilization of gas resources for sustainable economic development and enhanced living standards for citizens as the initiative underscores the government’s commitment to resolving power challenges and improving the reliability of electricity supply across Nigeria.

the authorAV1 NEWS

Leave a Reply