Vice president Yemi Osinbajo stated that the administration has moved power generation up from 4,000 to 8,100 and also disclosed that over 2000 megawatts of the 8100 megawatts being generated are yet to be distributed by the Distribution Companies (Discos).
Osinbajo mentioned this while delivering a lecture at the 50th convocation of the University of Lagos (UNILAG) titled Nigeria rising: The path to prosperity at JF Ade Ajayi Auditorium.
He said we have moved generation from 4000 to 8100 MW. But the effect of this increase in the generation has not translated significantly to better service to the consumer. This is mainly due to distribution challenges. Over 2000 MW of power is not taken up by the discos for distribution to consumers, largely because of problems they experience in the collection of tariffs.
But one of the reasons for this is the fact that the DisCos have not invested significantly in metering. We have now embarked on a major metering initiative which involves private metering Assets.
