Vunderkind
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Lagos, Nigeria’s commercial capital, has disclosed plans to increase energy output to 15,000 megawatts (MW), from a current 1000MW, by 2020.
According to Ben Akabueze, the state’s Commissioner for Economic Planning and Budgeting, who addressed reporters during the inauguration of the 7th Lagos Economic Summit, the targeted increase was hinged on investment it expected to attract in the next six years.
‘‘We project that by 2020, the minimum in terms of our power requirement will be 15,000MW, which means over the next six years, we expect about 50 per cent growth in the base demand that we see today,” Mr Akabueze added.
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Source: Ventures Africa
According to Ben Akabueze, the state’s Commissioner for Economic Planning and Budgeting, who addressed reporters during the inauguration of the 7th Lagos Economic Summit, the targeted increase was hinged on investment it expected to attract in the next six years.
‘‘We project that by 2020, the minimum in terms of our power requirement will be 15,000MW, which means over the next six years, we expect about 50 per cent growth in the base demand that we see today,” Mr Akabueze added.
Click here to read more
Source: Ventures Africa
