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Business News of Thursday, 2 January 2020

Source: www.mynigeria.com

2020: Expect significant improvement in power, Buhari says

President, Major General Muhammadu Buhari (retd.) President, Major General Muhammadu Buhari (retd.)

Nigerians would enjoy frequent electricity supply in 2020, the President, Major General Muhammadu Buhari has said.

He made this declaration during his New Year's message where he promised improvement in the sector this year.

Buhari said, “Power has been a problem for a generation. We know we need to pick up the pace of progress. We have solutions to help separate parts of the value chain to work better together. In the past few months, we have engaged extensively with stakeholders to develop a series of comprehensive solutions to improve the reliability and availability of electricity across the country.”

He promised to invest heavily while planning to increase domestic gas consumption.

“In the first quarter of 2020, we will commence work on the AKK gas pipeline, OB3 Gas pipeline and the expansion of the Escravos – Lagos Pipeline,” the former military veteran promised.