FG needs $300bn to provide stable power – Nigerians lament worsening power situation

No Comments » November 26th, 2008 posted by // Categories: Energy Development Project




FG needs $300bn to provide stable power – Nigerians lament worsening power situation

Taiwo Adisa, Abuja – 26.11.2008

THE Director General of Energy Commission of Nigeria (ECN), Professor Abubakar Sani Sambo, has said the country must invest $300 billion by 2030 to meet its total energy needs.

Professor Sambo, who made this known in Abuja on Tuesday at a workshop organised by the commission, explained that the government alone could not provide the fund but would enlist the help of foreign and private investors.

He said that the synergy between energy and socio-economic development made the Federal Government to approve in 2003, an overall National Energy Policy for the country, adding that “the policy, which is hinged on private sector-driven energy sector, was aimed at optimal utilisation of the nation’s energy resources for sustainable development.”

Meanwhile, Nigerians have continued to groan under the poor state of electricity which has worsened since the present administration led by President Umaru Yar’Adua came on board about one and a half years ago.

A cross section of Nigerians who spoke with the Nigerian Tribune in all parts of the country lamented that the poor power supply had affected their businesses, daily activities and leisure.

They blamed President Yar’Adua for what they termed “the worst era in electricity generation and supply in recent years, declaring a state of emergency in the power sector as promised.”

President Yar’Adua has included as part of his Seven-Point Agenda, a more crucial area of power and energy and promised that the infrastructural reforms in this critical sector through the development of sufficient and adequate power supply would be to ensure Nigeria’s ability to develop as a modern economy and industrial nation by 2015, adding that by 2020, the country would be listed among the best 20 in the world.

But since he assumed office on May 29, 2007, Nigerians believe they have experienced the worst in terms of power supply.

Those who spoke with the Nigerian Tribune include traders, students, small shop owners, such as hairdressers and barbers who run their businesses on generating plants, secretaries in small and big companies, those in charge of production in manufacturing companies and labour leaders, all of who lamented the power situation.

The nation’s airports were not left out as power cut at the Murtala Muhammed International Airport, Lagos recently disrupted flight operations and the management of Nnamdi Azikiwe International Airport, Abuja, told a Senate committee that the airport had been running on diesel since inception.

The Federal Capital Territory (FCT), Abuja, has also been affected by poor power supply to parts of the city and this is said to be at its lowest level in years.

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