For years, adequate and reliable power supply as well as an effective rail transportation system have been identified among the crucial factors stunting Nigeria’s industrialisation.
Deputy Governor of Ondo State, Lucky Aiyedatiwa, Director-General, DAWN Commission, Seye Oyeleye and other officials of ONDIPA• Commercial Centres, Agricultural Belts Key Targets
The two-day conference, held with the support of Odu’a Investment, paraded players in the private sector and government officials across the six South West states with the mission to achieve the outlined goals and create a brighter future for the region. However, he pointed out that political office holders must use the system to their advantage and develop policies and a strategic framework to ensure implementation, base strengthening, and capacity leveraging of the amendments.
“Over the years, we have heard people say that farmers cannot move their goods to the market all because of transportation. So, we chose rail and power because we believed that those two things, if we get them right, will be the catalysts for accelerated development in western Nigeria. “If we don’t develop our rail and our energy, within a short time with a population explosion, even investors will not stay in western Nigeria. They will head to West Africa. There is a major challenge to our growth in western Nigeria, and that is the road AFDB is funding from Abidjan in Ivory Coast to Lagos. It is an eight-lane road.
“Our states must be ready with this new law that Buhari signed to renegotiate with the GenCos. Whatever they have negotiated with the federal government, that is federal. If you are supplying power in my state or in my region, this is what I want from you. The law has now allowed me to go and look for another GenCo who is ready to supply me. They have liberalised it.
“Nigerians eagerly await effective implementation of the amended Constitution on the decentralized electricity governance model that will eventually lead to the establishment of state electricity regulatory institutions.
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