Tinubu called for the collaboration of the Presidential Economic Coordination Council ,PECC, members to increase Nigeria’s on-grid electricity capacity.
This was disclosed in a statement by the presidential spokesman, Ajuri Ngeglale, who said the President spoke on Thursday during the PECC inauguration at the State House in Abuja.
Tinubu also highlighted the need for innovative solutions to the country’s economic challenges, stressing the importance of public-private partnerships in driving economic reforms.
He announced measures under the economic stabilisation programme, aimed at stabilising the economy, enhancing job creation, and fostering economic security.
Dwelling on energy security, the President said the initiative — which includes power, oil and gas — aims to increase on-grid electricity to be delivered to homes and businesses from about 4.5 gigawatts to 6 gigawatts in six months.
According to the President, the scheme also aims to increase oil production to 2 million barrels per day within the next 12 months.
Earlier, Tinubu announced a N2 trillion economic stabilisation plan to revive Nigeria’s struggling economy.