FIX POWER SECTOR FOR 24/7 ELECTRICITY

Power is a key infrastructural strategy to drive the economy which makes it reflective in a country’s development.
 
In 2013, the government unbundled PHCN into eleven electricity distribution companies (DisCos), six generating companies (GenCos), and a transmission company (TCN).

The Electric Power Sector Reform Act of 2005 also created the Nigerian Electricity Regulatory Commission (NERC) as an independent regulator for the sector.

The federal government has in the past three years spent N1.7 trillion on Nigeria’s electricity sector.
Nigeria has the potential to generate 12,522MW of electricity power from existing plants but is only able to generate an average of 3,781MW due to the limitations.

Power generation and distribution have remained low and insufficient to meet the nation’s diverse energy demands.
In January 2020, Nigeria’s power sector attained a peak generation of about 5,375MW.

The Vice President, Prof. Yemi Osinbajo, had earlier this year, expressed dissatisfaction over the performance of electricity distribution companies (DISCOs) in the country, saying there was the need for a substantial change of strategy in order to meet the electricity needs of homes and businesses, and also lamented on the inability of the Discos to distribute available grid power to consumers despite all the availability of 8,000MW of generation and 7,000MW transmission capacity. This generated and transmitted capacity however can only deliver about 4,000MW or less to end users.

Now that The President has approved the composition of a Power Sector Reform Coordination Working Group, under the leadership of Vice President Yemi Osinbajo, there seems to be some hope for reprieve and lasting solution.

Now, considering his antecedents in handling emergency assignments, one would expect the working group to help provide workable solutions on how to improve baseline power supply with data-driven innovations, and enhancing sector governance. This should be with the overall aim to deliver adequate accessibility of electricity to the end users.

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