On Friday, President Bola Tinubu issued a directive to the Nigerian National Petroleum Company Limited (NNPCL) to complete the ongoing 350-megawatt power project in the Federal Capital Territory within a span of three years.
This command was delivered during the Presidential Groundbreaking ceremony for the 350MW project held in Abuja, marking the initial phase of the envisioned 7,350MW Gwagwalada Independent Power Plant.
Tinubu emphasized the crucial significance of the 350MW power plant for Nigeria’s economic advancement. He highlighted that this endeavor marks his administration’s resolute stride towards establishing a robust power sector to stimulate the nation’s economy.
Addressing Mele Kyari, the Group Chief Executive Officer of NNPCL, at the event, Tinubu stated, “A three-year project must be three years. Nigerians are observing, and they eagerly anticipate the fulfillment of all commitments made; these commitments must be upheld.”
He urged various entities such as the Nigerian Electricity Regulatory Commission, Transmission Company of Nigeria, and Nigerian Bulk Electricity Trading Plc, to ensure that NNPCL adheres to a swift completion of the project.
“I want to reassure Nigerians that this government is unwavering in its commitment to enhancing your quality of life,” assured the President.
Tinubu underscored his campaign promise to enhance stable electricity supply throughout Nigeria. He asserted, “We are resolved to eliminate all obstacles hindering power distribution.”
He also commended the early launch of the project under his administration, indicating, “This clearly demonstrates our dedication to instigate positive change for the betterment of Nigerians. This administration is determined to alleviate the hardships associated with power-related issues in Nigeria.”
The CEO of NNPCL, Mele Kyari, highlighted the abundant natural gas resources present in Nigeria, with proven gas reserves exceeding 209 trillion cubic feet and an estimated potential reserve of over 600TCF. He positioned the project as an avenue for NNPC to capitalize on these resources commercially. The project aims to extend energy access, thereby fostering economic growth, industrialization, and employment opportunities across the country.