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Tuesday, 4 June 2013

The multi-year tariff order – an aggressive transformation of the power sector

Posted on 02:42 by Unknown
 
By Nelson Omenugha
Over the years and in practicality, the relationship between power (electricity) and economy in Nigeria is one that has great consequences on the lives of its citizens. This is because one cannot talk of improving, building and sustaining the economy of a country without talking of power as the former (the economy) depends on the later. The Hub of the economy is power as all sectors – health, education, agriculture, oil and gas etc. – rely on power for production and sustainability. All these are well known facts and realities about what power does to the economy and to the lives of citizens.
The story of the Nigeria economy (and invariably the Power Sector) is one that is characterized with mal-administration, instability, neglect, and gross abuse. This is because we (government and citizens) have failed to get it right in the power sector. For over four decades, there have been calls from citizens, groups and organizations for provision of safe, reliable, adequate and affordable electricity because of its obvious inexhaustible positive effects on the standard of living and economy of the country. In order to meet the aspiration of its citizens, successive Nigerian Governments have taken various steps over the years. Numerous think – thanks have been inaugurated and millions of Dollars invested to address the power sector. These inputs and efforts were not seen to yield desired result in the power sector as there appeared to be cogs in the wheel of formulation of practical roadmap for the Power Sector.
 
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Blog Archive

  • ▼  2013 (500)
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