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    MarketForces Africa » MarketForces News » Nigeria’s Power Generation Hits 5,313MW, First Time in 3 years – Adelabu

    Nigeria’s Power Generation Hits 5,313MW, First Time in 3 years – Adelabu

    Julius AlagbeBy Julius AlagbeSeptember 4, 2024 News No Comments2 Mins Read
    Nigeria’s Power Generation Hits 5,313MW, First Time in 3 years – Adelabu
    Adebayo Adelabu
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    Nigeria’s Power Generation Hits 5,313MW, First Time in 3 years – Adelabu

    Nigeria’s power generation rose to a three-year high of 5,313mw on Monday, the Ministry of Power has saud.

    This is contained in a staement issued by Mr Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power , Mr Adebayo Adelabu.

    Adelabu, therefore urged Electricity Distribution Companies (DisCos) to take more energy in order to prevent a grid collapse.

    ”When power is produced and  not picked by the DisCos, it could lead to grid collapse as frequency drops..

    ”Efforts will be made to encourage industries to purchase bulk energy,” he said.

    The News Agency reports that in May, the federal government pledged to generate 6,000 megawatts of electricity before the end of the year.

    During his ministerial address in Abuja while presenting achievements of his ministry since President Bola Tinubu assumed office on May 29, 2023, Adelabu, said the country’s power generation rose to 5,000MW on May 3.

    Adelabu vowed that power generation in Nigeria would hit 6,000MW before the end of this year, going by the improvements in the sector in 2023. #Nigeria’s Power Generation Hits 5,313MW, First Time in 3 years – Adelabu

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    Adebayo Adelabu Power
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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