One trillion dollar investment for energy infrastructure? | The Guardian Nigeria News - Nigeria and World News

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Editorial: If energy infrastructure is dilapidated, government should get to work to address it. That is why they are in power. Nigeria

A recent bandying of mere figures by authorities in Abuja to the extent that they needed a whopping $1 trillion dollars worth of investment to modernise energy infrastructure in the country cannot impress anyone, after all.

Years later, with the onset of the Kainji Dams in enhancing power supply into the national grid, some measure of success was achieved at addressing the energy problem, which has remained recurrent, particularly with growing demand occasioned by rising population and industrial expansion across the nation.

Apart from power supply, the country has had serious challenges in addressing the crisis in the broad energy sector. This crisis cuts across electric energy, fossil fuel energy, solar and wind energy, among others. He went further by commending the administration for its effort to attract both domestic and foreign direct investment into the energy sector and finally stated that the “increased transparency and openness in governance” and the implementation of relevant executive orders by the government have enhanced the moderation of the risk in the sector.

 

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