Vice President Yemi Osinbajo, on Tuesday, May 9, 2023, commissioned the Transcorp Afam III Fast Power 240MW turbines in Afam, Rivers State.
The project is a subsidiary of the Transcorp Group located in Oyigbo, on the outskirts of Port Harcourt, the Rivers capital city.
Osinbajo who arrived at the venue in a chopper at exactly 11:35am, was received by the Chairman of Transcorp Group, Tony Elumelu, and other dignitaries.
Osinbajo in his address, noted that the Buhari administration is on track to electrify all Nigerians in the next decade, stressing that they will not make progress if the gas supply to turbines does not improve.
He said; “In 2020, electricity subsidies reached N584 billion, but service-based tariffs have led to a doubling of collection in the Nigeria Electricity Supply Industry from N40 billion in 2020 to N80 billion in the first quarter of 2023.
“If this trajectory continues, the Nigeria Electricity Supply Industry will be able to pay for itself. Our administration has also created programs for off-grid electrification. Rural Electrification Agency now has the capacity to provide electricity supply on a first-class basis.
“We are on track to electrify all Nigerians in the next decade. However, we will not make progress if our gas supply does not improve. The gas supply challenges are hampering improvements,” he added.
