The Office of Public Enterprises said on Thursday that only 40 percent of Nigeria’s more than 200 million people currently have access to electricity.

This implies that 120 million people in Nigeria do not have access to electricity.

BPE general manager Alex Okoh also said the office proposed 12 small hydropower plants for the concession and inaugurated a project delivery team for the facility concession.

He revealed this during the inauguration of the PTD team for the concession of small hydropower plants in Nigeria, according to a statement issued in Abuja by BPE’s public communications manager, Amina Othman.

The CEO of BPE called for the establishment of energy sources and resources to complement Nigeria’s limited electricity production and supply, with only 40% of the country’s 200 million people currently having access to electricity. ‘electricity,’ the statement read. part.

Okoh said Nigeria has abundant natural energy resources to meet the energy challenges plaguing the country.

He described natural resources such as sun, wind, hydropower and biomass (waste), adding that it was imperative to harness the full potential of small hydropower plants for power generation.

He said the 12 small hydropower plants planned for the concession include eight green fields and four abandoned fields located in Adamawa, Benue, Kogi, Ogun and Taraba states, as well as in the capital territory. federal.

The boss of BPE said that the production capacities of the plants were between 1.2 megawatts and 1,500 MW.

Okoh said the readiness to unlock the values ​​of the 12 hydropower plants provided another opportunity for the Federal Ministry of Water Resources and the BPE to work together.

This, he said, was in addition to the collaborative efforts for partial marketing and concession of four pilot river basin development authorities across the country.

He tasked the 13-member committee from relevant federal ministries, the BPE and other stakeholders to ensure transparency of transactions, provide a means to effectively collect information on assets, among others.

Okoh said the committee should review the eight new small hydropower plants in accordance with guidelines from the Infrastructure Regulatory and Concessions Commission and BPE’s processes and procedures.

We will increase oil production to 2.4 million barrels per day – NURC

Meanwhile, Nigeria’s new Upstream Regulatory Commission said on Thursday its goal is to increase Nigeria’s crude oil production from the current level of 1.4 million barrels per day to 2.4 mbpd.

NURC Managing Director Gbenga Komolafe, who revealed this in a podcast address to commission staff, said the agency would boost Nigeria’s oil production quota and boost investment in the upstream segment. of the sector.

He said: “The oil and gas sector of the economy is at a critical and important point in the life of the industry where the energy transition from fossil fuels to cleaner energy competes with the need for us to address The bar of our crude oil and gas production from the current level of 1.4 mbpd to 2.4 mbpd.

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