Nigerians are currently generating over 6,000 Mega Watts of electricity through the use of generators in their homes, corporate offices and industrial places, far more than what the Federal Government is producing through the power stations across the country, Professor Rahaman Bello, Vice Chancellor, University of Lagos, UNILAG, has said.
“An estimated 6000 MW is generated via individual and corporate outfits to meet their minimum demands for electricity,” Bello disclosed yesterday, at the Nigerian Institute of Management, NIM, inaugural ‘Nigeria: Arise and Shine’ annual lecture.
He further stated that Nigeria was far behind in its 2013 target of 16,000 MW of power generation, blaming it on over-reliance on oil, gas and hydro resources in power generation, at the detriment of other useful resources such as coal, new and renewable energy sources among others.
According to him, in year 2000, Nigeria’s power generating capacity was as low as 1,500MW and this was due mainly to lack of investment in maintenance and expansion programs on existing power plants.
He said: “With efforts on increasing power generating capacity, there has been reasonable sectoral improvement as generation capacity increased to 5,482 MW in 2010. While actual daily generation fluctuated between 2,000 MW – 3,700 MW due to inadequate gas supply.”