FORMER Managing Director of National Electric Power Authority (NEPA) and currently the Adviser to the President on Power, Joseph Makoju, has expressed optimism that Nigeria would overcome its power supply challenges going by its current reforms.
According to the former special adviser to the president on Power, Nigeria is on the right track despite its many challenges.
Speaking at 2013 post yearly general meeting of the International Chamber of Commerce Nigeria (ICCN) held at the Metropolitan Club, Victoria Island, Lagos, Makoju said that the manufacturing sector had high growth potential due to the natural endowment of the country, but had been undermine in the past by inconsistent government policies, especially in the power sector.
The former NEPA boss; however, expressed optimism that the situation would continue to improve due to macroeconomic stability and reforms in power and various sectors of the economy.
He said: “We do have challenge but at the end result would justify our commitment to the development of power in the country.”
But a Senior Partner to the law firm of Banwo & Ighodalo, Mr. Asue Ighodalo, said that Nigerians should not expect any magic wand in terms of steady power supply before 2015, because of what he called the lag period needed for the investments to mature
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