Director General, Energy Commission of Nigeria (ECN), Prof. Eli Jidere Bala, addressed energy stakeholders at a workshop on the review of the National Energy Master Plan held in Abuja, on the current and future energy demands of Nigeria.
With Nigeria’s economy booming, energy demand is said to double within the next decade. Bala said that for the country to sustain itself it would need to generate 45,000MW by 2020 and 120,000MW by 2030, This Day Live reported.
According to a study performed by ECN examining Nigeria’s long-term energy situation the country will have to dramatically increase power generation capacity.
“Nigeria would require about 45,000MW installed capacity of electricity by year 2020 and about 120,000MW by 2030. If however, the economy is to grow by double the current rate, the supply for electricity would have to reach about 90,000MW by 2020 and over 300,000MW by 2030”, the study indicated.
“It is our belief that a strategic National Energy Master Plan [NEMP] is imperative for a balanced and co[-]ordinated development of energy in Nigeria to meet national Transformation Agenda to enable it to be within the twenty largest economies in the world by 2020 and thereafter”, Bala said.
“The NEMP will ensure the development of the nation’s energy resources, with diversified energy resources, to achieve national energy security and an efficient energy delivery system with an optimal energy resource mix that will guarantee increased contribution of energy delivery productive activities to national income and adequate, reliable and sustainable supply of energy at appropriate costs and in [an] environmentally friendly manner, to the various sectors of the economy, for national development”, he continued.