Recently, President Goodluck Jonathan presented certificates of ownerships to some private investors who have successfully made the 25 per cent acquisition payment for some of the nation’s power generating and transmitting plants. While stakeholders say such was evidence of the credibility of the privatization process, some analysts insist that certain efforts, such as the timely delivery of the Independent Power Projects and the passage into law of the Petroleum Industry Bill are essential to improving the power situation. Professor Akin Iwayemi, a former President of the Nigerian Association of Energy Economics (NAEE), and current President of the Nigerian Economic Society spoke to BANKOLE SHAKIRUDEEN ADESHINA on the prospects of ongoing efforts.
GOING by the vision 20:2020, in the next seven years, Nigeria would have improved its electricity generation from the current 4,000 megawatts to 35,000 megawatts and uninterrupted power supply across the country. Are there signs Nigeria will achieve this?
The issue of vision 20:2020 and its possibilities, as related to energy was one of the fundamental topics we treated elaborated at the 16th annual conference of the Nigerian Association of Energy Economics, which ended on Tuesday, April 23, at Sheraton here in Lagos.
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