Power scandal
For a country that needs all the power she can generate, particularly at this time when the raging coronavirus pandemic has compounded her economic woes, it is scandalous that 10 of Nigeria’s 27 power generating plants were reportedly idle as at May 25.
This means that it is unaffordable for even a single plant to be idle. While Nigeria’s total installed national generating capacity is put at 12,910.40 megawatts, the available capacity is said to be 7,652.60 megawatts and the peak that the country has ever generated is 5,375 megawatts. Yet, it is estimated that the country needs not less than 40,000 megawatts daily.
The need, as we noted last Wednesday, to urgently revisit the privatisation of the power sector undertaken in 2013 as recently mooted by the President of the Senate, Ahmed Lawan, becomes more compelling by the day. It would appear that the problems which the exercise was expected to address are not about getting solved anytime soon.
Despite the repeated injection of funds to aid the privatised generation and distribution companies, they appear perennially incapacitated to meet their obligations to consumers with continued deleterious consequences for the country.
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