17 September 2012

Nigeria: Power Supply Inches to 20 hours Per Day - Lagos Chamber

Lagos — Lagos Chamber of Commerce and Industry said electricity supply to Lagos areas have increased to 35 percent in the last three months.

The Chamber revealed this in its latest survey which was presented to the media yesterday by its president, Chief Goodie Ibru.

He said in some parts of the country, the average daily supply of power now ranges between 15 to 20 hours per day.

He said that while households and small businesses tend to have significantly keyed into the increased power supply, diesel price is decreasing in line with falling consumption rate coming from increased power supply.

He said: "We observed that while the administrative blocks of most businesses are now connected to the PHCN, major manufacturers are yet to switch their production lines to the public power supply, because of sustainability concerns.

"We are looking to see how much the dry season will impact power supply as increased water levels in the dams due to the raining season played a key role in the current boost of power generation."

He advised that in order to build on the current tempo, government should sustain the gas-to-power framework.

He said the joint venture gas supply agreements with oil companies must be firmed up in order to ensure regular gas availability for the nation's existing and upcoming thermal power stations.

Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.