2 January 2013 – Nigerian minister of information Labaran Maku says that the country’s government has finalised plans to borrow US$1.15 billion to fund its power reform programme in 2013. This funding will be sourced from the African Development Bank (AfDB). About US$1 billion will be used to finance gas supply, while another US$150 million will be used to finance the liberalisation of the power sector.
At the end of 2012, the ongoing liberalisation and reformation of the country’s power sector saw generation in Nigeria reach 4,500 MW, and Maku says this could increase to as much as 7,000 MW in 2013. "There is an average of about 15 to 18 hours a day of constant power supply to different parts of the country. This was brought about through the implementation of the integrated power sector reform programme anchored on the national power roadmap. It includes institutional reforms to involve the private sector in power generation, transmission and distribution."
Maku says that following the roadmap 10 new thermal power plants have been completed. He also says that the rehabilitation of power generation and distribution infrastructure across the country is ongoing.