As 2012 closed, President Jonathan records another high in power supply, On December 23, 2012 the Nigerian Electricity Supply Industry generated 4,500 megawatts. This is a significant improvement if we consider where we were in 2010 when President Jonathan assumed office as Acting President.
Of course, we are still nowhere in sight of the hullabaloo 40,000 megawatts of Vision 2020. And many homes and businesses have not witnessed much improvement in power supply in spite of the increase in generation. But there is a great difference between 2000mws in 2010 and 4,500mws in 2012 considering the long gestation period for power projects.
As the regulator of the sector, to see the year close at about 4,500 megawatts is a prediction come true. In July 2012, as electricity generation picked up after the massive drop in hydro power, there was so much reckless optimism in the air as many delighted public officials promised that we will end the year at about 9,000 megawatts. I knew that such expectation was unfounded because the fundamentals of the electricity industry do not assure such massive haulage of power.
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