Right step towards improving power supply in Nigeria?
The growth, prosperity and security of any country depend, to a large extent, on the adequacy, efficiency and functionality of its electricity industry. Unreliable power supply constitutes a major challenge to Nigeria’s economic growth and development, hence solving the lingering electricity problem is critical to realizing the nation’s quest to become one of the 20 largest economies of the world by 2020 and also becoming a preferred investment destination in Africa. Over the past two decades, the stalled expansion of the national grid coupled with the high cost of diesel and petrol have affected growth of the nation’s productive and commercial industries. While erratic and unpredictable nature of electricity supply have engendered a deep and bitter sense of frustration across the country, especially in the urban centres, electricity consumers have continued to crave for a fundamental reversal of the long and debilitating malaise which has blighted the sector and, in doing so