Poor investment responsible for power failure –NERC boss

The Executive Chairman of the Nigerian Electricity Regulatory Commission, NERC, Dr Sam Amadi ,has said that two decades of insufficient or no investment in the energy sector had resulted in low level of power generation in Nigeria.

He also averred that consumers are not supposed to pay for the procurement of electricity meter as he insisted it must be provided free of charge, by the operators.

Amadi who was speaking at a one-day interactive session between the Civil Society in the South-West and NERC in Lagos, said that most other countries in the world developed 2000 megawatts of electricity in every other year but said for two decades, Nigeria invested insufficiently in the power sector or did not even invest at all.

He said under President Shehu Shagari in the second Republic, Nigeria had 1,200 megawatts and said that by 2000, the power sector had collapsed.

According to Amadi, even if the Power Holding Company of Nigeria, PHCN, is working well and it is not involved in corruption, it cannot meet the demand of Nigerians because the capacity of power being generated cannot meet the demand of the people.

He said this is so because if all the country’s installed capacities are working well and all the power plants are working well, Nigeria will have slightly above 6000 megawatts, whereas Lagos State alone can conveniently consume 10,000 megawatts and still ask for more.

Speaking earlier while delivering his address, the representative of the Civil Society Coalition in the South West Area, Mr. Adewale Adeoye, said energy provision is crucial in many respects, saying it determines the strength of a country’s economy , the prowess of her manufacturing sector and the quantity and quality of trade and investment in any country.”

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One Comment

  1. Fidelix says:

    Very true about low investment in the power sector of the economy & more true is d fact dat no national manufacturing company has been set-up in d past 40 years of d existence of Nigeria as a Country

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