Mr. Abebe Aemro Selassie, the Director of the International Monetary Fund (IMF’s ) African Department has said that without adequate power, it’s difficult for Nigeria to achieve higher productivity in many sectors of the economy, Daily Trust reports.
Briefing newsmen over the weekend at the IMF/ World Bank Annual Meetings in Washington DC, Selassie said even the growth recorded in the agriculture sector could have been much better with stable power.
“Without energy, it’s difficult to have higher productivity activities to take place including in agriculture. Some processing is going to be important. So, addressing the energy issue, all of this I think requires a lot more public investment and so the revenue mobilisation angle being important,” he said.
Source: Energy Mix Report