Thank you Guardian Nigeria for this follow-up story. This is the reality of our power situation that many sadly miss. The big challenge why they cannot give us power.
"Plant operators attribute poor generation to gas shortages and their huge debt burden to producers. The plants are starved of gas because many GenCo's are indebted to the producers to the tune of N155m ($500m) between January 2015 and December 2016. As a result the gas producers prefer to channel their product for export to get good value".
"Also, transmission challenges (this is still with government) make it difficult for the little output from the GenCos to be evacuated because the national grid is not strong enough to wheel all the power generated" So let us continue to resist paying the right price for electricity and continue buying petrol and diesel for generator instead.
There is no light at the end of the tunnel unless we do the right thing and stop this reductionist tendency of attributing everything to corruption. I am not saying there is no corruption, I am just saying concluding that it is corruption robs us of the opportunity of proper analysis to address the bottlenecks.
This sector needs serious investment and it is not the average of 10% of our budget that we spend annually that will solve it.
Post a Comment