Adelabu stated that the Ministry of Power is committed to addressing challenges affecting power supply in Nigeria.
The Nigerian Minister for Power, Adebayo Adelabu says that the Federal Government is to set up a committee to resolve blackouts in some parts of the country.
Through his official X account, Adelabu said this in a statement after a meeting with Electricity and Generation Companies on Friday in Abuja.
“I have decided to form a committee involving all stakeholders. Together, we will work on recommendations to resolve these issues and ensure a more reliable and consistent power supply for our citizens.
“Yesterday, I had crucial discussions with power Generating Companies (GenCos) and Distribution Companies (DisCos) to address the ongoing issue of blackouts in parts of our country.
“Power supply during the yuletide improved, but unfortunately we have experienced setbacks in the New Year.
“After investigations, it is clear that the main cause of poor power supply is the low supply of gas to GenCos,‘’ he said.
“I visited facilities in Olorunsogo, Ogun State, and Omotosho, Ondo State to understand the challenges firsthand,” he said.
Adelabu said that resolving the issue of gas supply to this companies was a top priority in the Ministry of Power’s list of agendas.
The minister revealed that a plan has also been established to initiate discussions with the Minister of State for Petroleum Resources to discuss the importance of prioritizing gas to power.
He said that indebtebness to GenCos by Nigerian Bulk Electricity Trading Company (NBET) was also addressed.
“While acknowledging the sector’s liquidity challenge, we are working on validating the debt and determining a fair resolution.
“I emphasised the importance of GenCos establishing contractual arrangements with gas suppliers to ensure a steady gas supply.
“Recognising concessions may be needed, I assure you that we are committed to working on this to stabilise the power sector. To tackle the gas supply and liquidity challenges,” he said.
In conclusion, Adelabu emphasized that the commitment of the Ministry of Power to resolving challenges facing power supply in Nigeria remains unshaken.
“We understand the impact on citizens and our goal is to swiftly resolve the issues of gas supply, indebtedness, and overall sector stability.
“Your patience is appreciated as we work, collaboratively towards a brighter, more reliable energy future for Nigeria,” he said.
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