Nnaji blames regulatory agencies for poor power supply

By 10:15 Wed, 11 Nov 2015 Comments



A former Minister of Power, Prof. Barth Nnaji, has

blamed perennial power supply in the country on

inability of regulatory agencies to discharge their

duties effectively.

The former minister stated while speaking at a

session of Senate Ad hoc Committee on Power

investing activities in the power sector on

Wednesday in Abuja.

He regretted that in spite of huge investment in the

sector over the years, Nigerians were yet to enjoy

adequate power supply.

He said that about half of the power being

generated was not getting to the consumers as a

result of poor transmission.

“Out of the amount of power that is distributed to

transmission companies, only about 50 percent of

it gets to the consumers; it is an incredible

inefficiency in the power system that must be

cured,’’ he said.

In his remarks, President of the Senate, Bukola

Saraki, who was represented by his deputy, Ike

Ekweremadu, said that epileptic power supply

witnessed in the country over the years was a

major challenge.

“You don’t have to be an economist to observe that

if we do not improve on the availability and

accessibility of adequate power to drive the

economy, our developmental aspirations will

continue to emaciate,” he said.

Saraki explained that it was in recognition of the

pivotal role played by the power sector in aiding

development that the senate decided to place

enormous emphasis on the improvement of the

sector.

He explained that the reason for the probe was

because there was a cleavage between the public

investment that had been made in the power

sector and the returns Nigerians saw in the sector

between 1999 and 2014.

He said: “The essence of this investigation is to see

how best to revitalize the sector to make it more

efficient and transparency-driven.

“It is hard to put in words, the level of frustration

Nigerians have had to face with power, the impact

of this on the wider economy and the level of

inefficiency in the entire energy value chain.

“We have an opportunity now to right the wrongs

of the past. It starts from our doing a thorough job

of this assignment.

“ It is my belief that the committee’s work and final

recommendation will be an invaluable tool towards

providing the sector the right remedy we need to

move it forward.

“Our goal here is not to witch-hunt; it is essentially

a diagnostic review with the aim of repositioning

the power sector to perform its role as a major

primer of development.

“This administration has made the delivery of

power and the revamping of the economy some of

its cardinal objectives.”

Saraki said that vibrant power sector driven by

efficiency and innovation, would impact positively

on the Nigeria textile industry, rice mills, the

manufacturing start-ups, assembly plants,

manufacturing, and other businesses.


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