As reported by Arise TV, Nigerians have ceased to worry about high petrol prices, according to Minister of Power Adebayo Adelabu, because they no longer depend on generators for electricity. When Adelabu gave the keynote speech at the 2024 Nigeria Energy Exhibition and Conference in Lagos, he said this.CONTINUE FULL READING>>>>>
The event’s theme was “Breaking Barriers in the New Energy Era: Clean, Reliable, and Sustainable.”
Last week, the federal government announced the full deregulation of the petroleum sector, this policy raised the price of petrol to over N1,000 per litre and the sharp rise in fuel prices has increased transportation costs and made essential goods like food more expensive.
Despite these challenges, Adelabu said that people are not protesting loudly because they are using generators less often and explained that improved electricity supply has reduced the need to buy petrol at high prices just to power homes and businesses.
“People don’t need to buy petrol again as much as they used to do for them to have power. That’s why the noise is even at this level. If they had to be going to the filling stations to buy N1000 per litre of petrol to generate electricity, we would have even had louder noise from the public.”
“So, what we intend to do is to make sure that all the generators are replaced in line with Lagos State Policy of Replacement of 1 Million Generators in One Year. I saw that. We must replace all the generators,” he said.CONTINUE FULL READING>>>>>
