The Federal Government blamed its inability to reach the target of 5,000 megawatts of electricity generation as promised on shortage of gas supply.
This was even as it has said the inauguration of the governing board of the Niger Delta Development Commission (NDDC); will only take place at the concluson of the forensic audit report it instituted.
The Minister of Power, Abubakar Aliyu, while briefing State House Correspondents at the end of the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja on Wednesday; regretted that power generation had remained around 4,000 megawatts because of the problem of gas; despite government‘s firm contract with the Nigerian Bulk Electricity Trading (NBET) Plc.
He however assured that all necessary ingredients has now been obtained to resolve the problem as his ministry was working round the clock to improve the situation.
The Minister also revealed that FEC approved N2.740 billion, as the revised estimates for the updated rates of building structures of compensation; and resettlement of the communities affected by the construction of 700 megawatts Zungaro Hydro electric power project.