The Federal Government, through the Nigerian Electricity Regulatory Commission has said electricity demand will grow to 45,662 megawatts by 2030. This was contained in the 2022 Market Competition Report by the Commission obtained by The PUNCH on Tuesday. The report said, “The installed capacity in the Nigerian Electricity Supply Industry grew by 7.95 per cent from 12,132MW as at December 2015 to 13,097MW as at December 2022. During the same period, however, the average available capacity decreased by 2,324MW from 6,401MW recorded in 2015 to 4,059MW in 2022. “It is noteworthy however that the reported power generation statistics do not include the off-grid and captive generation capacity.”Experts have said the country needs atleast 30, 000MW to reach sufficiency.

Source: Punch October 18, 2023 11:31 UTC