President Bola Tinubu called it shameful that Nigeria, despite its size, is still generating only 4.5GW of electricity. He expressed his dissatisfaction while inaugurating a 31-member Presidential Economic Coordination Council at the Council Chamber, Presidential Villa in Abuja.
He emphasised the need for innovative solutions to the country’s economic challenges and highlighted the importance of public-private partnerships in driving economic reforms.
According to him, ‘’We have the challenge of energy security in Nigeria. We need to work together to improve our oil and gas sector, and we must also increase electricity generation and distribution throughout the country. ‘We are determined to do that with your cooperation, collaboration, and recommendations. As a nation, it is so shameful that we are still generating 4.5GW of electricity.
‘’We must increase our oil production to two (2) million barrels per day within the next few months and we are determined to remove all entry barriers to investments in the energy sector while enhancing competitiveness,’’ the President stated.
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