Business News of Monday, 13 January 2025

Source: www.mynigeria.com

Power generation increased by 30% in 2024 - Adelabu reveals

Adebayo Adelabu Adebayo Adelabu

the Minister of Power, Adebayo Adelabu stated on Monday, January 13, 2025, that Nigeria's power generation rose by 30 percent in 2024.

He said this during a budget defence session with the Senate Committee on Power.

According to him, his administration inherited an average generation capacity of 4,100 megawatts (MW) in 2023 and raised it to 5,528 MW by the end of 2024.

He explained: “I can tell you authoritatively that by the end of 2024, we had a peak generation of 5,528 MW of power from 4,100 MW of plant. And the reason for this is not far-fetched.

"We know that we added a new hydroelectric power dam, Zungeru, of 700 MW, and also there was a tremendous increase in the generation by other existing power generating companies, mainly hydro and thermal plants.”

He noted that while the initial target was 6,000 MW, unforeseen challenges such as grid disturbances towards the end of the year prevented him from achieving it. However, he emphasized that the shortfall was minimal.

The minister also reported an increase in energy access, which rose by 51% percent from 59 percent at the end of 2023 to 64 percent by the close of 2024.