8 November 2007 – Chief Phillip Asiodu, formerly minister of petroleum resources in Nigeria, says that the country needs at least 60 000MW power to strengthen its economic drive.
He said the federal government also urgently needs to invest in the necessary infrastructure in the country.
In a paper entitled "Sustainable Management of the Environment-An Agenda for Nigeria in the next two decades", presented at a mining conference, he explained that current capacity is not sufficient to transform the nation’s material and minerals into valuable good for local markets and for exports.
Of the estimated 60 000MW required, he stated that at least 80% would have to be thermal based, using natural gas. Nigeria’s current generation capacity hovers between 2 500 and 3000MW.
Last week, however, Egbin power station was closed due to a lack of gas from the Nigerian Gas company. The Power Holding Company of Nigeria has had no choice but to start loading shedding, as another two thermal stations are also shut.
"We cannot find any comfort in the manner in which we have conducted our affairs so far since independence regarding the very serious matters of economic and social development despite the very generous natural and human resources with which Nigeria has been blessed. With our large growing population and the worsening global environment, we have a race against time. We must redouble our efforts," Asiodu concluded.