Expert blames low tariffs for outages
The President of the Nigerian Association for Energy
Economics (NAEE), Prof. Wumi Iledare, has disclosed
that about $15.6billion would be required to provide
stable electricity in the country.
He made the disclosure yesterday in Abuja, at the
2017 World Energy Day.
According to him, the Federal Government and the
private sector could mobilise the resources, if the right
policies are put in place.
Iledare also canvassed the revival of the oil and gas
sectors to actualise the dream.
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The NAEE president urged support for both state and
local councils to participate in the power sector
development, through the provision of an enabling
framework.
The association lamented the inability of Nigeria to
turn her huge renewable and non-renewable energy
potential into realised dream to support rapid
economic growth, job creation and poverty reduction.
Iledare urged a change in the country by developing
a long-term plan to promote and deepen the role of
green energy solution for a sustainable future.
According to the NAEE, the world is entering into a
new energy transition that would relegate fossil fuel
to the background.
Iledare said a combination of breakthrough in
technology, improved batteries and huge private
investments in energy efficiency, was forcing a new
consensus among energy users and producers.
He cited modern energy technology, international
energy and climate change protocols and
agreements, as well as increasing concern about the
future of the earth as other factors.
He disclosed that some oil-rich countries like Saudi
Arabia and Norway were already planning for a post-
oil era, to adopt the Public Private Partnership (PPP)
model to run the sector.
Also, an oil and gas expert, Dr. Tim Okon, has blamed
the adoption of flat tariffs for every segment of the
society for the inability to generate steady electricity.
He solicited fairness on the part of the consumers, as
well as the power generating firms and other
stakeholders to drive the sector.
Okon explained that though there are competitive
demands for scarce resources, government must
prioritise energy to exit recession and sustain
development.
“It has been estimated that between 2017 and 2020,
Nigeria government would need over $1.6 billion to
develop or complete critical infrastructure in
generation, transmission and distribution of power. It
would also need $14 billion to start and complete
critical projects in the oil and gas sectors,” he said.
The expert canvassed the right incentives, policies and
implementation of pro-market policies, to make the
private sector to absolve a large chunk of these
investments.
Okon stressed that the issue of credibility and
seriousness of government was very important in the
drive, as well as the “political will to let go some
decrepit downstream and assets.”https://m.guardian.ng/news/nigeria-needs-15-6b-in-three-years-to-tackle-energy-deficiency/

Jus imagine. So despite d fact dat dey have time and time again increased d tariffs apart from charging ppl for darkness dey still always want to blame low tariffs for their inefficiencies..

bubuhari the Fulani terrorist loot will settle Dis
even change go remain

$26bn-$15.6bn = $10.4bn

Going by the meticulous calculation above;↑↑

Instead of plenty talk, Oga Baru (or whatever his name is )should just help us pay the money from part of what he embezzled at NNPC and return the balance to TSA. Shikenan!