The Minister of Power, Works and Housing, Babatunde Fashola, last week said that the Energy Mix document will reduce electricity tariff.
Fashola made the assertion during a public forum in Abuja, where he said the Federal Government was working hard to ensure the major source of power, gas, was diversified and other sources of generation and supply comes on stream.
According to the Minister the Energy Mix Document will soon be launched and vigorously implemented to give Nigerians choice to access different sources of power at a lower cost and enhance rapid economic growth and development.
He said: “We have concluded on the Energy Mix Document and how energy mix will help solve cost on energy, availability in the rural areas, and we will unveil the document in August.
“We shall look at our energy sources like gas, hydro, solar and also develop other sources of power. It will also help us control the vandalisation of gas pipelines simply because we have depended a lot on gas. The Energy Mix will help us build more hydro, solar plants and keep our environment.”
In another development the Minister who was represented by one of his Special Advisers, Mr Lanre Akinsola, recently at the signing of $9 million annual power agreement between the United States Agency for International Development, USAID, and three Nigerian Electricity Distribution Companies, DisCos, for effective power distribution and increased connection in Nigeria, said it was a major boost and hope for the sector.
“It is a partnership through which funds of $9 million per year will be provided to improve performance of the DisCos through embedded advisors.”