- Nigeria is set to lose more revenues from energy exports as Niger Republic starts generating her own electricity
- Nigeria exports between 350megawatts (Mw) and 400 Mw of electricity daily to four countries including Niger Republic
- Nigeria generates less than 5,000 Mw despite efforts by the federal government to grow the sector
Nigeria is set to lose more revenues from energy exports once its neighbour, Niger Republic starts generating her own electricity
Aside Niger Republic, Nigeria exports electricity valued at between $582 million and $665 million annually to countries such as Togo, Chad, and Benin Republic.
It exports between 350megawatts (Mw) and 400 Mw of electricity daily to those countries, with a view to generating more revenues and meet their energy needs.
Speaking on the side of a stakeholders forum in Lagos, the technical director of a private firm, Mr Mohammed Etti, said Nigeria’s export earnings would dip further once Niger Republic starts generating electricity.
He said: “If Nigeria allows Niger Republic to dam River Niger at Fouta Djullion for her own electricity needs, the country would not be able to export electricity to Niger Republic and that would go a long way to reduce Nigeria’s earnings.”
He said the countries which import energy from Nigeria enjoy a stable power supply while the country is constantly plunged into darkness.
Nigeria, he said, sells electricity at commercial rates to these other countries, adding that the country is yet to enjoy value proportionate to her efforts.
Nigeria generates less than 5,000 Mw despite efforts by the federal government to grow the sector.
Meanwhile, history was recorded on Thursday, December 19 as a floating nuclear power plant was connected to the grid and commenced electricity production for the first time in a remote region of Russia.
The initiative which is the brainchild of Russia’s state-owned nuclear company Rosatom, has the capacity of roughly 70 megawatts that can power a city of 100,000 people.