Politics and Nigeria’s Electricity Sector - THISDAYLIVE

While Nigerians are busy with the management of COVID-19 and its many fall-outs, fire has been burning in other aspects of national life which require equal attention both now and after COVID-19 – the increasing spate of insecurity in the country is one, the crisis in the country’s electricity sector is another, but COVID-19 is such an all-consuming pre-occupation that other issues have been pushed to the back-burner.

This is understandable perhaps. Successive Nigerian administrations since the return to civilian rule in 1999, have without exception acknowledged the fact that an efficient power sector would help to accelerate Nigeria’s development process, and even the quality of livelihood.

The Federal Government budget for power is usually through the Niger Delta Power Holding Company , TCN and the Rural Electrification Agency. The Federal Government through the Central Bank has also made provisions to enable the Gencos pay the gas supplier and meet other statutory obligations. But the industry often complains about government, and how regulation has resulted in a shortfall.

The Federal Government complains about the Discos but the point is often overlooked that there are still 10 power plants that are fully owned by the Federal Government. Why are those plants not working? The Federal Government has been challenging private investors who borrowed money to invest in the electricity sector but it is not worried about the fact that existing assets in its own possession are wasting away.

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