Tuesday, 21 March 2023 05:51

Generators provide 75 percent electricity in Nigeria – Report

Rate this item
(0 votes)

About 75 per cent of electricity consumed in Nigeria comes from diesel and petrol-powered generators, the latest reports released on Monday by the Society for Planet and Prosperity, GCA Capital Partners and Climate Advisers Network, showed.

Findings by the coalition indicated that about 25,000 megawatts of power utilised in Nigeria was from diesel and petrol-powered generators, while the national electricity grid only supplied less than 5,000 megawatts.

The groups made this public at a press briefing in Abuja, where they also unveiled 11 key measures required to galvanise actions for quick decision-making and smart solutions to achieving Nigeria’s net-zero target.

Speaking on some of the measures, the President, Society for Planet and Prosperity, Chukwumerije Okereke, said, “Number one measure is to increase the generation of electricity, both on-grid and off-grid. Nigeria currently generates about 5,000MW for a population of over 200 million people.

“5,000MW is about the amount of electricity that powers Heathrow Airport (London). South Africa generates 40 gigawatts (40,000MW). India, which we should be competing with, generates over 80GW (80,000MW). The lack of power is one major thing crippling Nigeria’s economy.”

This, he added, was one of the reasons why companies were not investing in Nigeria, leading to high unemployment rate across the country.

Okereke said investing in on-grid and off-grid power was a critical requirement to not just solve the problem of climate change, but to stimulate the economy.

“The second measure is to eliminate the use of diesel and petrol-powered generators all over the country. Diesel and petrol-powered generators account for about 25GW (25,000MW) of electricity in this country, while the national grid accounts for about 4GW (4,000MW).

“So we get nearly 75 per cent of our electricity in this country through generators, which is one of the most polluting sources of electricity generation. Therefore, the elimination of diesel and petrol-powered generators is the second on the list that we have identified,” he stated.

On how to eliminate the use of diesel and petrol-powered generators, the Chief Executive, GCA Capital Partners, Obi Ugochukwu, explained that it could be achieved by the massive generation of electricity through solar, hydro and other renewable energy sources.

 

Punch

November 23, 2024

NNPC not delivering quantity of crude oil agreed on, Dangote refinery says

The federal government's plan to sell crude priced in the local currency is faltering, with…
November 24, 2024

PDP governors urge Tinubu to review economic policies amid rising hardship

Governors elected on the platform of the Peoples Democratic Party (PDP) have called on President…
November 24, 2024

Older adults opened up about things they ‘took for granted’ in their 20s and 30s

Last month, we wrote a post where older adults from the BuzzFeed Community shared things…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 22, 2024

FG excited as pro-Biafra agitator Simon Ekpa arrested in Finland on terrorism charges

Simon Ekpa, the controversial leader of the pro-Biafra faction Autopilot, was arrested by Finnish authorities…
November 24, 2024

What to know after Day 1004 of Russia-Ukraine war

WESTERN PERSPECTIVE Putin signs law forgiving debt arrears for new Russian recruits for Ukraine war…
November 21, 2024

Nigeria comes top in instant payment system inclusivity index in Africa

Nigeria’s instant payment system is projected to advance to the maturity inclusion spectrum ahead of…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.