24 May 2016
The United States Government has signed an agreement of partnership with the Nigerian Government to work towards an improved state of electricity in the country.
The expectations of this project involves an annual commitment of nine million dollars to the electricity sector which would be used to provide technical support to distribution companies already established in the country.
The U.S Ambassador to Nigeria, Mr. James Entwistle stated that the partnership is aimed at opening up business opportunities in Nigeria. In turn, he is positive that this will directly reduce the cost of running a business in the country.
Apart from the business opportunities the partnership seeks to provide, representatives of some electricity distribution companies at the event requested from the U.S government to improve their efficiency by building their capacity to distribute power and collect tariff from consumers.
At the signing, the representatives of electricity distribution companies, the Ministry of Power and the American government were all present to witness the initiation if this partnership.
It is important to note that this partnership is directly between the US government and electricity distribution companies. The Minister of Power, Works and Housing, who was represented at the event by his SSA, Lanre Akinsola, said that government is making efforts to relieve the sector of its over-dependence on gas.
Electricity generation and distribution has dropped below 3,000 megawatts in recent times, causing perpetual darkness in some parts of the country.
Often, the Ministry of Power has blamed the sharp fall on acts of vandalism of gas pipelines and other installations across the country.