FG Targets 8,000MW Power Generation, Transmission by 2027

The Federal Government says it is aiming to achieve 8,000 megawatts of electricity generation and transmission by the end of 2027 as part of measures to boost power supply nationwide.

The Minister of Power, Joseph Tegbe, disclosed this on Wednesday in Abuja during the launch of the Renewable Energy Assets Management Company by the Rural Electrification Agency.

Tegbe said the government was targeting 6,500MW by the end of 2026, acknowledging that the country currently faces challenges in wheeling about 5,000MW of available electricity.

He expressed optimism that Nigerians would soon have access to round-the-clock electricity, describing the recent improvements in the power sector as the beginning of broader reforms aimed at transforming electricity supply.

The minister lamented that Nigeria had endured an embarrassing situation of inadequate electricity despite possessing significant power resources and infrastructure.

According to him, the newly established RAMCO is expected to adopt a new model for managing and sustaining renewable energy assets, with its mandate eventually expanding to cover the wider electricity grid.

Tegbe added that the government was developing a more flexible electricity system that would integrate grid power, embedded generation, interconnected and distributed renewable energy, energy storage and other emerging technologies.