Nigeria In One Minute
Poor state of energy sector: FG’s economic recovery growth plan in danger
There are strong indications that the realisation of the Federal Government’s 2017-2020 Economic and Recovery Growth Plan, ERGP, may be scuttled as a result of inadequate and unstable power supply in the country.
The ERGP, a medium-term structural reform to diversify Nigeria’s economy, including expanding power sector infrastructure, was drawn based on the assumption that electricity supply would continue to grow, hitting 10,000 megawatts, MW, by 2020.
But the latest Presidency report obtained by Vanguard showed that Nigeria has consistently generated below 4,000 MW for a greater part of 2016 and 2017, barely three years to set target.
Investigations showed that the nation’s power sector was haunted by many problems, including poor and limited facilities, inadequate gas, vandalism, energy theft and lack of funds.
Vanguard, September 25, 2017
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