The Speaker of the House of Representatives, Tajudeen Abbas says the power sector is grappling with challenges that have stifled its growth and efficiency.
He said this at a two-day interactive dialogue/workshop by the House of Representatives Committee on Power in Abuja on Tuesday.
Abbas listed the challenges to include inadequate generation capacity, dilapidated infrastructure, frequent disruptions in power supply, and financial inefficiencies that had eroded the sector’s viability.
He also said that the inadequate metering and the consequent revenue loss had perpetuated a cycle of debt and underinvestment that had undermined the sector’s potential.
He said that there was a need to foster collaborative efforts that would leverage both public and private sector expertise and resources.
“This dialogue embodies such collaboration and is crucial in charting a forward path. The shift towards a multi-tier electricity market represents a strategic pivot in our approach to power
Rep. Victor Nwokolo, the Chairman, House Committee on Power, said it was aimed at providing a dynamic platform for stakeholders to evaluate the progress made thus far in the Nigerian Electricity Supply Industry (NESI)’s development.
“We will delve into the successes, challenges, and opportunities encountered along this journey, seeking to identify key areas for improvement and innovation.”
He said continuous engagement with all stakeholders was critical to ensuring that the reforms met the diverse needs of the population and maintained public trust.
Nwokolo said the workshop would serve as a platform for stakeholders to explore innovative solutions to the persistent challenges plaguing the power sector.
