Worried by the epileptic power supply in the country, a pressure group, Good Governance Initiative, GGI, has disclosed that aside from being a dumping ground for power generating sets, Nigerians spent over N25 billion importing same in 2012, the highest in the world.
President of the initiative, Mr. Festus Mbisiogu, called on Nigerians to extract a....
promise from the preferred bidders of the unbundled Power Holding Company of Nigeria, PHCN, assets to improve on the current generation of power to grow the economy.
“Ghana recently celebrated 10 years of uninterrupted power supply; South Africa, with a population of over 50 million, generates 40,000MW; Brazil has 100,000MW with a population of 192 million, while Nigeria still struggles to generate 4,000MW for its over 160 million strong people.”
“Statistics from the Manufacturers Association of Nigeria, MAN, revealed that most companies spent over N800 billion in 2012 to power their industrial generating sets, while other small scale business, banks and traders in various markets spent over N2 trillion to power theirs" he said.
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