The Managing Director of the Transmission Company of Nigeria (TCN), Sule Abdulaziz has expressed optimism that the nation will attain a 24-hour stable power supply within five years.
He disclosed this during an interview with Channels TV in Abuja on Sunday.
When he was asked the time Nigeria could generate between 25,000 megawatts (MW) needed for consistent power, he assured that this goal would be achieved in under five years.
He said, “You know you said whether we can get it in ten years. I’m telling you, we are going to get it in less than five years.
“The Minister they put now is looking at what the problems are. He is not doing cosmetic shows. He is looking at what he will do to increase light in this country. That’s why I’m sure we are going to succeed.”
He also noted that some Nigerians are already experiencing a relatively stable power supply, emphasizing that many would agree there has been a noticeable improvement in the nation’s electricity sector.
Abdulaziz attributed this progress to the competence of the Minister of Power, Adebayo Adelabu, whose leadership has driven a steady increase in power generation and supply.
He said, “If you ask Nigerians honestly, they all know there is improvement in power now when this regime came. From the time Adelabu took over till now, there has been a great improvement and this improvement is going to continue,”
According to him, electricity supply is still relatively cheaper in Nigeria compared to other countries.
The managing director mentioned countries such as Niger, Burkina Faso and Senegal as some of the places where citizens pay more for electricity than Nigerians.
The TCN boss added, “Nigerians are paying more because to produce electricity is not easy. You can see the exchange rate.
“Yes, electricity is now expensive in Nigeria. But we are feeling it’s expensive because we are getting it at a cheaper price. If you go to other African countries like Niger, Burkina Faso, Senegal, and others, still now Nigeria is cheaper.”
