News
Nigeria Should Be Generating 60,000MW of Electricity – Aliko Dangote
Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, has criticized Nigeria’s low electricity output, insisting the country should be generating at least 60,000 megawatts of power.
Speaking during a tour of the Dangote Refinery in Lagos, Dangote highlighted the country’s untapped potential in the energy sector. He pointed out that the Dangote Group alone currently generates over 1,500MW of electricity for its internal operations — a figure that, he says, puts the national power supply of just 4,500–5,000MW into stark perspective.
“If we, as a single company, are generating over 1,500 megawatts for our own use, Nigeria shouldn’t be producing just three times that amount. We should be aiming for 50,000 to 60,000 megawatts,” Dangote said.
He called the refinery project a testament to what’s possible in Nigeria and stressed that such industrial feats could be replicated in the power sector.
“What we’ve done here shows there’s nothing impossible. If we can build this, we can certainly scale up Nigeria’s power generation,” he added.
Dangote argued that increasing Nigeria’s electricity output to 30,000MW or more is a less complex task than building a refinery, and emphasized that power development is not solely the government’s responsibility.
“Raising generation to 25,000 or 30,000 megawatts — with proper transmission and distribution — is achievable. But it requires strong private sector involvement,” he said.
The business tycoon urged wealthy Nigerians and private investors to stop moving capital abroad and instead invest in Nigeria’s development. He stressed that capital flight was stunting growth and undermining national progress.
“We keep asking the government to exit the sector — and they’ve done that through privatisation. Now it’s our turn to invest. We know the country, we know the leadership. Let’s put our money here.”
Dangote also condemned corruption and the habit of hiding stolen wealth overseas, warning that such practices have no value to the culprits or the country.
“There’s corruption everywhere, but other countries still grow because their wealth stays within. When people steal and stash funds abroad, it benefits no one — not even their families,” he said.
Looking ahead, Dangote revealed plans to make Nigeria a global leader in fertiliser production. He aims to scale up production to 12 million tonnes within the next 40 months, making his company the largest fertiliser producer in the world.
President Bola Ahmed Tinubu has issued a stern warning to state governors over the handling of Local Government (LG) allocations, insisting that funds meant for LGs must be paid directly to them in line with the Supreme Court judgment.
Speaking on Friday at the 15th APC National Executive Committee (NEC) meeting in Abuja, Tinubu stressed that the apex court has once again made its position clear, leaving no room for ambiguity. According to him, compliance is no longer optional, as the judgment is binding on all tiers of government.
“The Supreme Court has capped it for you again, saying, ‘give them their money directly’. If you wait for my Executive Order, because I have the knife, I have the yam, I will cut it,” the President said, adding that he has chosen to be patient and respectful with governors.
However, Tinubu warned that continued delay or refusal to implement the ruling would attract consequences, noting that enforcement could begin through FAAC disbursements if necessary.
Emphasizing the rule of law, the President said the ultimate authority remains the Supreme Court and its judgment must be obeyed without excuses.
“We have to comply. We have to respect the judgment,” he concluded.
The Accord Party in Osun State has indicated that Governor Ademola Adeleke would be granted a waiver if he decides to contest the 2026 governorship election under its platform.
Victor Akande, Chairman of Accord Party in Osun, told The PUNCH on Sunday that Adeleke or his aides have not formally approached the party, describing speculation about a potential defection as “mere rumours.”
Accord Party has emerged as a possible platform for Adeleke’s re-election amid internal tensions in his current party, the People’s Democratic Party (PDP).
Akande said the party already has two aspirants for its ticket in the August 8, 2026 election but would welcome Adeleke if he chooses to join.
“The issue of Governor Adeleke is still a rumour. I have not met with anyone from the government about this. Accord Party is not the only option being speculated for his defection, but if he comes, we will receive him wholeheartedly,” Akande stated.
He added, “Our doors are always open. People are free to join or leave at any time. If Adeleke comes, he will receive a waiver to contest just like any other aspirant. Currently, two individuals have shown interest in running under our platform, though they have not made financial commitments yet.”
Former Nigerian President Goodluck Jonathan is reportedly stranded in Guinea-Bissau following the military’s announcement of a takeover on Tuesday.
Jonathan, who travelled to the country as part of an international election observation mission, was expected to oversee the release of official results before the unexpected shift in power disrupted all movement. Sources say he and other foreign observers are currently unable to leave as security restrictions tighten across the capital.
The situation has sparked concern among regional stakeholders, with diplomatic channels said to be monitoring developments closely. So far, neither Jonathan nor Nigerian authorities have issued an official statement on his safety or plans to return.
The unfolding political tension in Guinea-Bissau continues to draw global attention, especially as the fate of the election results remains unclear.
-
News2 years agoHardship: We Plan To Establish A National Commodity Board To Crash Food Prices – VP Shettima
-
News8 years ago
Blog Reader; Samson Osagiede Celebrates Fiancè Benedicta Daniels’s Birthday With Sweet Words
-
Home9 years ago
News Channel claims Donald Trump is an orphan from Pakistan,share alleged childhood photo
-
Home9 years ago
Another $175m Found in Patience Jonathan’s wife’s firm’s Bank Account
-
Home9 years ago
Oil Spillage: House of Reps Member Shares Photos of the Water her Constituents Drink .
-
Home9 years ago
Zara Buhari & Ahmed Indimi’s Wedding Access Card
-
Sport7 years agoModric, Marta Wins 2018 FIFA Best Player Of The Year Awards ⚽️
-
News8 years ago
The Best Video You’ve Seen Today?