The Federal Government has talked about how the electricity sector has failed to improve despite the enormous investments that have been recorded in the five years of its privatization.
FG is not happy with the fact that Nigerians are not having constant electricity supply, and have blasted the common inconsistencies they keep facing with power.
Reacting after a fitness exercise tagged, “Nigeria electricity awareness walk” in Abuja, MD, and CEO of Transitions Company of Nigeria, TCN, Mr. Usman Gur Mohammed revealed that the power sector is filled with crisis, which is bad for Nigeria.
His words, “We are organising the West African Power Pool, WAPP, General Assembly jointly between us and Nextile. And we felt that as part of that organisation, we should actually create awareness about the electricity industry in Nigeria.
“The reason is that there is this perception that the electricity industry has consumed a lot of money and there is nothing to show for it, but wee need to state certain things that are very clear here.
“The power sector liberalised quite alright, and it was liberalised on the basis of the fact that we want sustainable investment from the private sector to the power sector just like the telecommunication industry.
“Unfortunately, it has not happened in the way that we expected. Because, despite the fact that it has been liberalised, we still have problems with under capitalisation, liquidity crisis, regulatory consistency and we also have problem of electricity supply to Nigerians.
“And then we also have problem of lack of sufficient investment by the sector players, that is investment planning.
“Now, this is making people to think that all that we are doing is a waste of resources. But it is important to understand that the problem of lack of performance in the power sector is by only the role we the players.
“Of course, we the players have our role to play, but every Nigerian must understand that in one way or other, they are contributing to either the successful development of the sector or unsuccessful development of the sector.”
“Is important to highlight that any citizen taking part to vandalise power infrastructure, build under the power lines, frustrate the acquisition of power line, and frustrate construction of power infrastructure is directly or indirectly contributing to the poor development of the sector.”
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate