The power sector conundrum

Despite N10 trillion investments in the power sector in the last 13 years following the privatisation programme, it is disappointing that power generation in the country remains stuck at the average of 4,500 mega watts (MW) or below. This is far below the 30,000 MW the country needs to achieve sustained economic development. Funds were reportedly misappropriated as a result of administrative bottlenecks. Out of the N10 trillion, President Bola Tinubu approved N3.3 trillion financial intervention

Despite N10 trillion investments in the power sector in the last 13 years following the privatisation programme, it is disappointing that power generation in the country remains stuck at the average of 4,500 mega watts (MW) or below. This is far below the 30,000 MW the country needs to achieve sustained economic development. Funds were reportedly misappropriated as a result of administrative bottlenecks. Out of the N10 trillion, President Bola Tinubu approved N3.3 trillion financial intervention