The Speaker of the House of Representatives, Abbas Tajudeen, on Monday, said the epileptic electricity supply is a hindrance to the country’s economic development.
Mr Tajudeen disclosed this at the 10th year anniversary of the privatisation of Nigeria’s power sector and the 1st Nigerian Electricity Supply Industry (NESI) market participants and stakeholders roundtable (NMPSR) held in Abuja on Monday.
Nigeria has struggled with poor power supply for decades, a challenge that is estimated to cost businesses about $29 billion yearly, according to the World Bank.
The country has the lowest access to electricity globally, with about 92 million persons out of the country’s 200 million population lacking access to power, according to the Energy Progress Report 2022 released by Tracking SDG 7.
Speaking on Monday, Mr Tajudeen, represented by Victor Nwokolo, the Chairman House Committee on Power said that power continues to be a significant obstacle to the country’s national…