Prof Chinedu Nebo
Despite the unprecedented level of investment in the power sector and increase in electricity tariffs, power supply situation in Nigeria is getting worse day by day, with the gap between demand and supply widening sharply in the urban areas, write Chika Amanze-Nwachuku and Ejiofor Alike
On assumption of office, in May, 2010, President Goodluck Jonathan made a solemn promise that his priority would be to tackle Nigeria’s decade long electricity problem and ensure that Nigerians enjoyed steady power supply.
The president reasoned that the erratic nature of Nigeria’s power supply cannot guarantee any meaningful industrial development and can also not lead the country to her vision of becoming one of the top 20 industrialised nations of the world by the year 2020.
To make good his pledge, Jonathan on August 26, same year (2010), unveiled a detailed power sector roadmap as part of the implementation of the reform process, which legislative groundwork was laid by the Electric Power Sector Reform (EPSR) Act of 2005.
President Jonathan, no doubt, set about the new task with vigour as the power sector, under his administration, witnessed unparalleled level of investment and unprecedented enthusiasm from local and international investors to invest in the Nigerian economy.
0 comments:
Post a Comment