The MD confirmed that Nigerian Content is one of the key value drivers for Train 7 as it will create jobs, deepen competency and capacity, unlock opportunities in the oil and gas industry and hopefully open the door for further expansion activities with the possibility of further LNG trains and projects.
The bank expressed worry that about 47 per cent of Nigerians had no access to grid electricity and those who had access faced regular power cuts.
The minister had further noted that the possible hike in petrol price in the near future following the rise in global crude oil prices was another reason why Nigerians should switch from petrol to gas.
Ikeja Electric Plc (IE), has metered over one hundred and twenty thousand households between 2018 and June 2020. This is in line with its commitment to bridge its metering gap.
“It is not true that Nigerians do not want to pay more for power but that they have been unhappy with the poor service over the years.
The electricity sector has not been left out of this ongoing negative impact resulting from the COVID-19 pandemic, as it continues to struggle with increased epileptic power supply and increased losses stemming from unpaid electricity debts due to lack of cost-reflective tariffs and decreased consumer spending.
We verily believe that this outright fabrication was sponsored by those angling to contest for the senatorial elections in Bayelsa West Senatorial District, who are in the habit of concocting wild allegations to distract the NCDMB and lure us into local politics.
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Nigeria now has the highest number of people lacking electricity access in the world, at a total of 85 million Nigerian citizens.
