FG reduces electricity target to 5,000MW

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Plans to generate above 6,000 megawatts of electricity by December 2014 may have hit the rocks as the Federal Government on Saturday announced that its new target by the end of the year is now 5,000MW.

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, stated in Abuja on Saturday that the Central Bank of Nigeria would clear up the N25bn gas-related debts of the power sector in order to boost stakeholders’ confidence in the industry.

She said, 

APC unfolds manifesto, targets 40,000MW

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The All Progressives Congress on Wednesday in Abuja  unfolded a seven-point  cardinal programme that would ensure that electricity generation hit 40,000 megawatts within four to eight years of its leadership.

The  party, in a 31-page manifesto, which was presented to Nigerians  listed the   other components of the cardinal programme as war against corruption, food security,   integrated transport network and free education.  Others are devolution of power, accelerated economic growth and affordable health care.

According to the party, the programme  will transform Nigeria into a progressive state anchored on social democracy.

“Our government shall vigorously pursue the expansion of electricity generation and distribution of up to 40,000 megawatts in four to eight years,”  the APC   said.

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