Nigeria’s Power Problems Are Over With Fashola & Kachikwu – DG ANED

Babatunde-Fashola-and-Ibe-Kachikwu

The Director, Association of Nigerian Electricity Distributors (ANED), Mr. Sunday Olurotimi Oduntan, believes the woes of the power sector would become a thing of the past with synergy between Fashola and the new minister of state, Petroleum Resources, Ibe Kachikwu.

“Fashola should focus attention on the entire power value chain, and ensure that the funding gaps in the sector are bridged. He should ensure that the sector gets cost-reflective tariff to keep it running,” he said according to The Nation.

“The transmission is the vehicle of the sector because if the country generates 20,000mw and the transmission can only wheel 5,000mw, the distribution companies will not have power to give to customers. The cost-reflective tariff has become imperative because banks are not lending to distribution companies.

“Also because the gas market and other equipment, which sustain the power sector are dollar dominated, the minister should appeal to the Central Bank of Nigeria (CBN) to give concession to operators in the sector by giving foreign exchange rate that will not hurt the sector.”

“Fashola should do everything to improve and expand the transmission network (national grid) by ensure that the government invests in it.

“The sector is in dire need of funds, investments to prevent the sector from collapse,” Oduntan said.

Sources

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