The Minister of Power, Works and Housing, Babatunde Fashola, says Nigeria’s current power generation will rise to 6,000 megawatts if the damaged oil pipelines in the Niger delta are restored.
The minister was speaking at the monthly Power Sector and Stakeholders Meeting, which took place at the Olorunsogo injection sub-station of the Ibadan Electricity Distribution Company (IEDC).
Mr Fashola added that he is confident that the acting president’s on-going consultations in the Niger Delta to stem the tide of pipeline vandalism would yield favourable results.
A group that calls themselves the Niger Delta Avengers have claimed responsibility for attacks on oil and gas facilities in the region, gradually dipping the nation’s oil production which had hit 2.4 million barrels per day in the post-amnesty era.
For a nation that depends largely on sales of crude oil for its revenue, a drop in production at a time of volatile oil prices is a huge threat to the her economy.
This is why the acting President, Professor Yemi Osinbajo, has assured the Niger Delta region of the Federal Government’s readiness to genuinely draw a roadmap, that will lead to the peace and development of oil producing states.
This was equally the primary focus of the meeting he had with government officials and traditional rulers in Gbaramatu Kingdom in Delta State, Bayelsa state, where he visited in the last couple of days as well as Rivers state, where he visited on Monday, February 13