The Minister of Power, Mr. Adebayo Adelabu has revealed that the Federal Government (FG) is commitment to implementing proactive measures in the power sector.
Mr. Adelabu disclosed that beginning from April, the ministry will focus on the clearance of arrears owed to the power plants including Egbin Power.
The minister made this known on X, formerly Twitter on Friday stressing that works are ongoing to improve power supply across the country.
“During my recent visit to the Egbin Power Plant, I reiterated that we have conducted a thorough diagnosis of the challenges currently facing our power sector in Nigeria. These challenges range from infrastructure limitations to supply chain constraints, and we are taking urgent action to address them and enhance power supply across the country.
“To this end, the Federal Government is fully committed to implementing proactive measures. Starting in April, we will prioritize the settlement of outstanding debts owed to power plants like Egbin Power. By doing so, our goal is to provide incentives for the continuous operation of these crucial facilities and to enhance their overall efficiency,” he stated.
Minister Adelabu acknowledged the significance of ensuring that power generation companies have access to essential foreign exchange for their maintenance and operations.
“This access is crucial for sustaining and improving power output on a national scale. We are taking decisive steps to facilitate this access, recognizing its critical role in the broader context of our energy infrastructure.”
He added: “Our ongoing discussions with the Ministry of Petroleum Resources and gas suppliers are centered on addressing gas supply constraints and facilitating debt repayment. Through collaborative efforts with all stakeholders, we are dedicated to finding solutions that will benefit the entire sector and contribute to its long-term sustainability.”
Mr. Adelabu further said that the shortage of gas has posed a significant obstacle to the operation of gas power plants.
He noted that through close partnership with the Ministry of Petroleum Resources and gas suppliers, works have commenced to tackle the aforementioned issue, thereby achieving a reliable gas supply for power generation.
Similarly, Adelabu announced the commissioning of two projects namely; ‘The environment friendly Electric Vehicles Project’ and ‘Expansion projects on staff quarters named after President Bola Ahmed Tinubu’.
He also commended the Board and Management team of Egbin Power for their unwavering commitment to improving and maintaining infrastructure despite facing numerous challenges.
He emphasized that their dedication plays a pivotal role in strengthening the resilience of the power sector and ensuring its continued operation.
