President Bola Ahmed Tinubu has commissioned the 350MW first phase of the Nigerian National Petroleum Company (NNPC) Limited’s Gwagwalada Independent Power Project (GIPP).
The GIPP project is led by NNPC Ltd in a joint venture with China Machinery and Engineering Corporation (CMEC) for the EPC, and General Electric (GE) for the Long Term Service Agreement.
It is designed to provide reliable electricity, strengthen Nigeria’s energy sector, and accelerate economic growth in the country.
The GIPP project will sit on an already acquired 54.7hectares of land in Gwagwalada, Abuja, and is one of the critical power generation projects along the Ajaokuta-Kaduna-Kano (AKK) gas pipeline corridor which is at 70% completion.
Speaking at the commissioning on Friday, August 4, 2023, declared that despite the nation’s current rate of energy supply, his administration is poised to address all the obstacles militating against stable electricity supply in the country.
He said his administration will bring solutions to the multifarious challenges across the electric power sector value chain which will significantly relieve longstanding problems of suppressed demand and improve the steadiness of peak supply for Nigerians, affirming that improved energy generation and distribution is an imperative for accelerated national growth.
He urged the NNPC and its partners to deliver the landmark project within the promised three years completion timeline, insisting that, “three years must be three years.”
“Although the Nigeria Electricity Supply Industry (NESI) is currently characterized by huge supply-gap deficits owing to dilapidated power infrastructure and poor distributions networks, amongst others, this administration is poised to address every power value chain challenge that will significantly relieve the suppressed demand, enhance generation, and improve national peak growth & sustainability far above the hitherto abysmal and unacceptable 5,300MW for over 200 million Nigerians,” the President declared.
President Tinubu noted that a swift improvement in the stability and quantum of energy supply will enhance national economic development, which remains a cardinal priority of his administration.
“During my electioneering campaign, I made a commitment to Nigerians on providing stable electricity. This is to be achieved by ensuring that we use all available energy sources to boost power generation beyond the current installed capacity of 12,000 megawatts, strengthening the integrity of our transmission infrastructure and ensuring that all distribution bottlenecks are removed.
“We can not form the productive and industrialised economy we need in order to conclusively tackle poverty, and create thousands of high paying manufacturing jobs for our teeming young people, whose creativity and talent we must harness for national development, without reliable electricity,” the president stated.
President Tinubu affirmed that adequate energy, broadly, and electricity, specifically, is to be treated as the topmost national economic imperative, if Nigeria must develop and maximise her human and natural resources, stating that “to accelerate our economic growth, we must work hard to remove every obstacle that has slowed down our progress. I have often said that electricity is the greatest human invention of the last 1,000 years.
“We cannot advance and join the rest of the developed world if we remain stuck with our current electricity supply situation and unable to supply the energy our country requires to power a doubling of the size of our Gross Domestic Product within the next decade.”
The President expressed his excitement that the landmark project was commencing at the onset of his administration.
STATE HOUSE PRESS RELEASE— Presidency Nigeria (@NGRPresident) August 4, 2023
PRESIDENT TINUBU VOWS TO REMOVE ALL OBSTACLES ACROSS THE ENTIRE ELECTRIC POWER SECTOR VALUE CHAIN
...notes NNPC-NIPCO partnership on 35 state-of-the-art CNG stations nationwide
President Bola Ahmed Tinubu, on Friday, declared that despite the nation's… pic.twitter.com/hiLWnBQdNZ