Despite N7trn Investment, Poor Power Supply Lingers

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Despite the federal government's claim of spending N7 trillion as direct interventions in the power sector even after privatising the electricity generation

Despite the federal government’s claim of spending N7 trillion as direct interventions in the power sector even after privatising the electricity generation and distribution arms of the industry since November 2013, the continual breakdown of the national grid remains a significant concern among Nigerians.

The World Bank country director for Nigeria, Shubham Chaudhuri, stated that the lack of stable power had hampered investment and job creation which would empower 100 million citizens and deliver them from poverty. Also, operators in the sector believe that without diversifying Nigeria’s electricity mix and improving efficiency, the current grid network would not be able to meet the electricity needs of Nigeria’s growing population.

“The rate at which TCN’s installations are being vandalised nationwide is reaching a critical level. We cannot simultaneously preserve and squander our resources. We cannot condone the destruction of power infrastructure or turn a blind eye to such activities and still expect the grid to remain stable and expand,” it said.

According to an advocacy group, Better Nigeria Initiative, the recurring breakdowns in the nation’s power grid should genuinely concern Nigerians, especially those in positions of authority. Essentially, these incidents raise serious doubts about the government’s capacity to effectively tackle a problem that has consistently hindered the country’s economic progress.

 

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