Nigeria cannot achieve meaningful development without power sector reforms –VP Shettima

Nigeria’s Vice President, Kashim Shettima, says the country cannot achieve economic development without addressing the power sector crisis.

This is as he urged leaders in the country to rise above their differences, confront the power sector crisis and make Nigeria an industrialized nation.

Shettima stated this when while inaugurating the National Economic Council, NEC, Ad-Hoc Committee on National Electrification and NEC Ad Hoc Committee on Polio Eradication at the Presidential Villa, Abuja.

“One common thing with these countries and others in the post-industrial revolution community is that they have largely resolved the issue of energy insufficiency.

“There is no doubt that we cannot dream of meaningful national economic development without addressing the issue in the power sector and ensuring that Nigerians have accessible, available and affordable energy,” he stated.

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While regretting that an estimated 40-70 percent of Nigerians have no formal access to electricity, Shettima said he is comforted by the knowledge that the calibre and experiences of Governors and other members of the committee will change the narrative in a positive trajectory.

The VP acknowledged the basic challenges in the nation’s power sector, particularly the national grid which has been witnessing system collapse.

Shettima, however, expressed hope that there would soon be significant improvement following the recent reforms in the energy sector which have opened the sector, not only to the participation of, otherwise, excluded players, but also to attract investments, both foreign and local.