Fri. Nov 22nd, 2024

FG Insists Power Sector Remains Key Priority

power sector liabilities

By Adedapo Adesanya

The Vice President of Nigeria, Mr Kashim Shettima, has reiterated that the Light Up Nigeria Project, remains a part of the priorities set by President Bola Tinubu to revamp the nation’s economy and ensure rapid industrialization.

Mr Shettima said the Project heralds renewed hope for industrialists, investors and Nigerians who had to bear the brunt of the country’s power challenges for so long.

The Vice President spoke as he officially launched the Light Up Nigeria, Southeast Initiative in Enugu, describing it as the much-expected solution to the power supply deficit that has undermined the nation’s economy and industrialisation.

Mr Shettima during the project launch on Monday in Enugu also commissioned the 181MW Geometric Power plant in Aba, Abia State to accelerate power supply to industrial clusters in the region.

The project, a collaboration between the Niger Delta Power Holding Company Limited and its partners, is targeted at revamping Nigeria’s infrastructure framework with the much-needed drive in empowering Nigerians and strengthening the economic policies of the Tinubu administration.

The Vice President noted that the project is part of the federal government’s responsibility for the nation’s industrialization in fulfillment of the promises made by President Tinubu.

“This marks a renewal of hope for industrialists, for investors, and for the homes that have long endured the consequences of Nigeria’s power supply deficit.

“The Light Up Nigeria project powers the hope of our industrialists and serves as a long-awaited solution to the power supply deficit that has undermined our economy over the past decades. So, this intervention isn’t a ribbon-cutting charade.

“This is a calculated endeavour to re-engineer our economy, and whatever we design to oil the wheels of our industries is futile unless we stabilize the Nigerian Electricity Supply Industry (NESI).”

The VP had on October 12, 2023, flagged off the initiative in the Southwest at the Agbara Industrial Cluster, with stakeholders committing to the successful implementation of the project across the country.

Flagging off the project in Enugu for the Southeast region, he recalled that when the pilot project was initiated with a business roundtable at the Agbara industrial area, it attracted major investors and industrialists even from neighbouring clusters in Oyo and Lagos States.

“We were sure of our direction in pursuit of the priorities set by His Excellency, President Bola Ahmed Tinubu, and the dream under construction attracts us to this historic city of coals and industries,” he added.

Mr Shettima stated confidently that “even the most skeptical mind has since been persuaded by the milestones achieved in Agbara since October 12, 2023,” following the completion of technical studies and a new transformer procured, while a mobile transmission substation would soon be up for commissioning.

Noting that the project is not mere rhetoric, VP Shettima pointed out that as an industrial powerhouse, the South East and its economic fortune is one of President Tinubu’s critical priorities.

“This marks a significant step toward reliable power supply. The genius of this initiative is that it promises a boost in supply levels to NESI without injecting public funds. Yet, it provides stable power where our economy needs it the most,” he explained.

On the choice of Enugu for the launch of the project in the South East which, according to him, was not based on geographical compensation.

He further explained that “with its renowned industrial layouts in Emene and 9th Mile corner, the commercial and manufacturing direction, potentials, and promise of Enugu States align with our vision of fast-tracking the economic growth and influence of this project beyond the South-East, beyond Nigeria, and, in fact, beyond Africa.”

By Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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