Many Nigerians now enjoys almost 24 hours power supply – Fashola

“The generation capacity is also increasing. It is a value chain where the distribution is not matching up the available power and from time to time, there are slacks.

“The short-term goals are incremental power and stable supply in some places. “The government has decided that as 40 per cent holder of everything in the distribution of power, we have our programme to invest N72 billion which will involve installing transformers and all of that.”

Fashola said the federal government would bring solutions to the challenges in the power sector. “We created a metre access provider regulation. What it does is to create a new plan of investment programme. We manufacture, produce, supply and install metres and fill the gap the distribution companies cannot raise capital to fill. They cannot do so alone, they must do so under a procurement policy with the distribution company,” the minister said.