Nationwide Financial Council strikes to finish nationwide grid collapse in Nigeria 

The Nationwide Financial Council (NEC) has introduced its intention to strengthen the implementation of the Nationwide Electrification Technique, aiming to place an finish to the recurring collapse of the nationwide energy grid.

The choice was reached on the conclusion of NEC’s 146th assembly, chaired by Vice President Shettima on the Council Chambers of the Presidential Villa, Abuja, on Thursday.

Shettima shared that NEC declared the formation of a Nationwide Electrification Committee to handle challenges within the energy sector.

He mentioned that the committee, led by Cross River State Governor, Bassey Otu, can be tasked with fostering stronger state-level participation inside the framework of the Electrical energy Reform Act 2023 and advancing the Nationwide Electrification Technique and Implementation Plan.

“The Nationwide Financial Council (NEC) has resolved to bolster implementation of the Nationwide Electrification Technique in a bid to finish the collapse of the nation’s energy grid. That is simply as Vice President @KashimSM who’s Chairman of NEC advised members of the Council that entry to vitality is a elementary proper and never a privilege as a result of electrical energy is the oxygen of financial progress.  

“Accordingly, the Council has constituted a committee on Nationwide Electrification to assist tackle the challenges within the energy sector. The formation of the committee was amongst selections taken by NEC on the finish of its 146th assembly on Thursday chaired by Vice President Kashim Shettima on the Council Chambers of the Presidential Villa, Abuja.  

“The committee headed by Cross River State Governor, @officialspbo is to work in the direction of deepening states’ engagements inside the Electrical energy Reform Act 2023 and the Nationwide Electrification Technique and Implementation Plan,” the assertion learn partly.

Backstory  

Nairametrics beforehand reported in November the recurring collapse of the nationwide grid leaving the nation in widespread darkness.

• Experiences revealed that the nationwide grid collapsed ten instances in 2024 to date, a unprecedented frequency of such incidents.
• Moreover, the grid suffered eight collapses in October, inflicting energy disruptions nationwide and forcing companies to rely closely on self-powered turbines to maintain operations.
• In response to the incident, the Nigerian Electrical energy Regulatory Fee (NERC) has introduced plans to carry a public listening to to analyze the causes of the collapse.
• The Minister of Power acknowledged that grid collapses are typically unavoidable, explaining that numerous components can set off the tripping of transmission strains, finally resulting in system failure.

Nonetheless, the Minister, Adebayo Adelabu, disclosed that the federal government is implementing measures to attenuate the frequency of grid collapses.