Africa’s richest man, Aliko Dangote’s company is set to power most populous country by 2018 by generating about 12,000 megawatts of electricity.
Dangote said this at a conference in Lagos on Monday.
He said: “There has been an increased despondence in the country due epileptic power supply to industries and other electricity users, including private individuals who spent millions of naira on independent generation.
“Many firms are running on alternative power supply, raising cost of business, while some have closed shop because they could not sustain the additional cost spent on power generation.
“Our gas project would have our gas pipelines on the seabed. The output should be able to provide about 12,000MW of power. We see a lot of transformation when we are done with most of our projects by 2018,”
Dangote said the fall in crude oil price was not a curse and that the nation must use the opportunity to explore the potential in other sectors of the economy.