By Seyi Babalola
President Bola Tinubu has said that it is unfortunate that Nigeria only generates 4.5GW of power, considering its size.
Tinubu spoke yesterday in the Council Chamber of the Presidential Villa in Abuja, where he inaugurated the 31-member Presidential Economic Coordination Council.
He underlined the importance of imaginative solutions to the country’s economic issues.
According to Tinubu: ‘’We have the challenge of energy security in Nigeria. We need to work together to improve our oil and gas sector, and we must also increase electricity generation and distribution throughout the country.
“We are determined to do that with your cooperation, collaboration, and recommendations. As a nation, it is so shameful that we are still generating 4.5GW of electricity.
‘’We must increase our oil production to two (2) million barrels per day within the next few months and we are determined to remove all entry barriers to investments in the energy sector while enhancing competitiveness.”
