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The Managing Director of the Transmission Company of Nigeria (TCN), Engr. Sule Ahmed Abdulaziz, has appealed to the Federal Government to step up its financial commitment to the power sector. He pointed out that electricity is not merely an infrastructure need but a lifeline for development, crucial for industries and the general population alike.
Abdulaziz emphasized that without improved investment, the country risks stagnation in its quest for socio-economic progress.
The appeal came as Engr. Sule Ahmed Abdulaziz toured TCN substations in Lagos to inspect newly operational power transformers. He linked the need for increased Federal Government funding to the ambitious target of generating an additional 10,000 megawatts of power by 2025, emphasizing that such a milestone could only be achieved through focused investments and systemic reforms.
He said: “When we are talking about 10,000, 20,000 or 25,000 megawatts, you know, we need a lot of money, a lot of investment.
Engr. Sule Ahmed Abdulaziz stated that The power sector is far from inexpensive, emphasizing the necessity of substantial investment to meet and exceed Nigeria’s energy targets.
He also noted that people often compare Nigeria to other nations. Take India, for instance—they allocate over $500 million annually to electricity. That level of commitment is what drives real progress.
“We know that government has a lot of things to do, but electricity is one of the important things you give your people because it will help them develop. So we can reach that target, but we need more investment in the sector”.
Addressing the country’s push for improved electricity, Engr. Sule Ahmed Abdulaziz outlined that $200 million is required to complete the ongoing project. This is a critical part of the World Bank/TCN collaboration, which aims to uplift Nigeria’s power supply and overall energy infrastructure.
Read also: Electricity Supply Resumes In Northern States, TCN Reports
“The newly commissioned 100/125MVA power transformer at the Sango-Otta substation has increased the installed capacity of the substation from 160MW to 260MW. With this, there will be available power supply for Ibadan and Ikeja Electricity Distribution Company to offtake to their customers in Ota, Iju, Sango, Ijoko, Abeokuta, and its environs.
“Meanwhile, the commissioning of 100MVA power transformer at Alausa substation and the capacity of the substation has increased to 230MVA. This means there will bulk power available for Ikeja Distribution Company to offtake to its customers in Ikeja, Oregun, Alausa, Ojodu Berger and environs.”
