According to him, it will first grow to 7,000MW by the end of next year from the present 3,400 megawatts.
The minister spoke at a press conference in Abuja as part of activities marking the first year anniversary of the second term of the Buhari Administration.
He said: “Following an agreement with German company Siemens in July 2019 to boost power supply in Nigeria, the stage is set for the perennial power problem to become a thing of the past.
“Under the three-phase agreement, Nigerians will enjoy 7,000 megawatts of reliable power supply by the end of 2021 (phase 1), 11,000 megawatts by the end of 2023 (phase 2) and 25,000 megawatts in the third phase.
“To put things in perspective, Nigeria’s current power generation capacity is more than 13,000 megawatts, but only an average of 3,400 megawatts reliably reach consumers. In essence, the current amount of power that reaches consumers will more than double by the end of next year.
“In addition, this will create thousands of jobs and will leapfrog the country into the next level of industrial and social development.”
He said that based on the performance of the last five years,it was clear that President Muhammadu Buhari was taking Nigeria to the next level of irreversible change.
On the fight against corruption, Mohammed said the Independent Corrupt Practices and Other Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) recovered cash and assets in excess of N118 billion in the last one year.
He said the ICPC recovered N81 billion while the EFCC confiscated N32 billion
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