Diplomat Tasks Nigeria On Regional Power Market

President-of-the-Senate-Sen.-David-Mark-with-the-Indian-High-Commissioner-to-Nigeria-Mr.-Ajjampur-Rangaiah-Ghanashyam-during-a-courtesy-visit-to-the-National-Assembly.

The Indian High Commissioner to Nigeria, Mr Ajjampar Ghenashyam has advised Nigeira, as the hub of economic activities in the West African sub-region, to take the lead in the development of regional power market.
He said that India had achieved over 400 per cent leap in generation capacity in the last 10 years, due to the competitiveness of the market.
Ghenashyam who made this known while responding to the power situation in Nigeira in a forum in Abuja, said countries like Nepal, Banladesh, Bhutan and Pakistan had already been enjoying from seamless cross border market and this had further boosted the confidence for investment flow into the sector.
The envoy also stated that India was ready to partner with Nigeria in the development of the nation’s power sector.
Nevertheless, analysts have also advised the government to invest in the development of alternative sources of energy, such as wind and solar in order to boost the capacity of the country to meet its energy requirement.
They also advised the government to fast-track the completion of the NIPP projects in order to realise the objective of providing uninterrupted power supply to Nigerians by the end of 2014.
The provision of stable and uninterrupted power supply is key for accelerated economic and industrial development of any country, and Nigeria’s quest to become one of the 20th economies in the world may well be a mirage without stable electricity supply.
However, inspite of its importance, efforts to guarantee sustainable stability in the power supply has remained elusive despite huge investment in the sector by successive administration, particularly in the present administration.

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