“Nigeria Needs More Power Investments to Achieve Growth” – TCN Boss
Lagos, Nigeria – The Managing Director of the Transmission Company of Nigeria (TCN), Engr. Sule Ahmed Abdulaziz, has called on the Federal Government to increase investment in the power sector.
Speaking during the inspection of recently commissioned power transformers in Lagos, Abdulaziz noted that while the government’s goal of achieving 10,000 megawatts of power generation by 2025 is ambitious, it requires significant financial backing.
“We need a lot of money, a lot of investment,” he said. “The power sector is not cheap. We can meet the target and even exceed it, but we need the investment.”
Abdulaziz compared Nigeria’s power sector investment to India’s, highlighting the significant disparity. “India invests over $500 million annually in its electricity sector,” he said. “While the government has many priorities, electricity is crucial for development.”
To address the current power supply challenges, TCN is undertaking a World Bank-funded project worth approximately $200 million. The recent commissioning of transformers at Sango-Otta and Alausa substations is part of this initiative. These upgrades will enhance power supply to areas like Ota, Iju, Sango, Ijoko, Abeokuta, Ikeja, Oregun, Alausa, and Ojodu Berger.
, Engr. Sule Ahmed Abdulaziz, has called on the Federal Government to increase investment in the power sector.){kind=link}