The Executive Chairman, Board of Directors, Geregu Power Plc, Mr Femi Otedola, says there has not been improvement in Nigeria’s power sector since he was born.
Otedola disclosed this on Friday at the “Closing Gong ceremony” of the Nigerian Exchange Limited, NGX in Lagos.
He decried that the real problem facing Nigeria’s power sector is the transmission.
According to him, several generation plants built years ago by the government are still lying idle, stressing that it is unthinkable that Nigeria still struggles with 5,000 megawatts of generation capacity.
He urged stakeholders, including the federal government, to improve the transmission sector to boost the Nation’s power supply.
The businessman explained that another problem with Nigeria’s power sector is leadership, saying having the right hands at the helm of affairs would end the decades-old challenges.
However, he is optimistic that the problems of Nigeria’s power sector are surmountable.
“Aliko Dangote, an…
