Nigeria forms budget committee to look at power generation

Dr. Mansur Muhtar - Nigeria Finance Minister
Dr. Mansur Muhtar - Nigeria Finance Minister

The Nigerian government has formed a budget monitoring committee to ensure that the country’s target of doubling electricity generation is met.

A report carried by the Bloomberg news service says, the committee is charged to work to meet the 6,000 megawatts target by December 2009. The committee is headed by the country’s Finance Minister, Mansur Muhtar. And it is expected to work to ensure the “speedy completion of ongoing power projects in the country,” the minister told Bloomberg.

Nigeria plans to raise its power supply to 10,000 megawatts by the end of 2010.

Nigeria’s unstable power supply system has hit the country’s economy so hard some companies that depended on electricity are relocating to Ghana.

Ghana’s celebrated political stability status and atmosphere conducive for business are the lure for these businesses.

By Emmanuel K. Dogbevi

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  1. John Ojeah says

    Dogbevi, Please can you name these companies that have relocated? As a journalist, you are expected to give us more than ‘copy and paste’.

  2. Igoche samuel says

    If the power problem becomes a state project and the state is supported by the federal government interms of contacts and financial support and monitoring,there might just be a glimmer of hope for our power problem.

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