The Minister of Power, Works and Housing, Mr. Babatunde Fashola has said that the possibility of providing some level of financial subsidy for electricity consumers in Nigeria’s rural communities remains uncertain due to limited finances.
Fashola however, added that the government was already considering recommendations on what would work for it going forward in this regard. The minister also said that the government would be pushing for more volumes of electricity to be generated into the national grid. With regard to this, he stated that subject to budgetary provisions, the NNPC will complete some critical gas infrastructure to ease gas supply to associated power plants to generate additional 2,000MW within the next 15 months.
Fashola equally noted that apart from stable supply of gas to power plants, other issues such as environmental concerns and appropriate pricing for gas would be addressed by the government. He said that the recent review of gas from $1.30 per unit to $3.30, which is still below the $4.00 international market price, would be revisited to help solve the challenges of gas supply to the power sector.