President Bola Ahmed Tinubu has assured Nigerians of improved electricity supply, with the planned injection of 1,500 megawatts into a new grid under the Grid Asset Management Company, an initiative of his administration
Several parts of the country have been experiencing power outages for months, caused by frequent grid collapse and low supply of gas to the various power generating plants
But President Tinubu speaking during the National Convention of the All Progressives Congress (APC), held at the Eagles Square in Abuja over the weekend, expressed confidence that the issue of power outages would soon become past experience going by the efforts being made by his administration
“I assure you, many of you lamenting the problem of electricity and power; we are paying attention to that,” he said.
“Electricity will become better, and we assure you there will be opportunities and progress in our industrialisation.
"Through the Grid Asset Management Company, we will inject approximately 1,500 megawatts into a new grid corridor,” the president said.
“The impact of our programmes is visible, tangible, impactful, and measurable—not mere rhetoric as some opposition elements like to suggest. We are moving from survival mode to stability.”
Tinubu whose administration has initiated several reforms including unifying the exchange rate window and removing fuel subsidies, since 2023 when it took over the running of the country, has continued attract criticism from opposition who maintained such reforms have caused untold hardship to Nigerians.
Tinubu who admitted that “the road to reform would be tough” and assured Nigerians that the country is getting it right.
“Fellow compatriots, since assuming office, our government has remained focused on delivering on our mandate to the Nigerian people despite a complex global economic and political environment. Today, I can assure you that we are on the right track. Investor confidence has greatly improved.
“Our oil and gas sector has once more become attractive to foreign investment following our reforms. Our Eurobond issuance was oversubscribed by 400%, and Nigeria has exited the financial ‘grey list’, marking a return to global financial credibility,” he said.
The recently concluded 8th National Convention of the ruling APC, saw Prof. Nentawe Yilwatda returning as the party’s national chairman and Surajudeen Basiru as its secretary.
The duo and other members of the National Working Committee (NWC) of the party were elected via a consensus arrangement ratified by delegates at the convention.
Others include Felix Morka as publicity secretary and Dayo Israel, who retained his post as youth leader respectively
Over 8,000 delegates across the 36 stated attended the Fourth Elective National Convention of the party
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