The Nation Newspaper Surge in gas price affecting stable power supply - Adelabu
The minister of power, Adebayo Adelabu, said the surge in gas prices has a profound impact on our power generation subsector.
He said: “As we begin conversation on Power and Renewable Energy at this summit today, I want us to discuss a matter of utmost importance that affects not only our economy but also the daily lives of every Nigerian citizen; the impact of high gas prices on power generation in Nigeria. In recent times, we have witnessed a significant increase in the price of natural gas in the global market.
“You will agree with me that the Nigerian government is making commendable efforts in the power sector to address the long-standing issues of electricity supply. While there is still work to be done, the commitment to improving the power sector is evident.“The initiatives to expand access to electricity, upgrade infrastructure, promote renewable energy, and encourage private investment are steps in the right direction.
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