Stiff regulation caused Nigeria’s dysfunctional power sector – Accord presidential candidate, Imumolen

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Stiff regulation caused Nigeria’s dysfunctional power sector – Accord presidential candidate, Imumolen via politicsngr

Nigeria’s youngest presidential candidate and candidate of Accord for the 2023 election, Prof Christopher Imumolen has lamented over the current status of power in Nigeria and has proffered modules for the development of the sector.

He said more players are needed in the generation, transmission and distribution segments and that deregulation has to be ensured by the Nigerian Electricity Regulation Commission, NERC. Condemning Nigeria’s low generation capacity which stands at a dangling 6,000 megawatts despite the investment of hundreds of billions of naira by successive governments, he wondered where the about 5 billion dollars generated as tariff annually go to.

“For a remarkable impact and success to be recorded in the power sector, it must be handled with govt sincerity as a vital sector tightly hinged to national development.

 

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