PENGASSAN Warns that Power Supply Crisis in Nigeria may Linger.
According to the Petroleum and Natural Gas Senior Staff Association of Nigeria, Nigerians who are hoping for better electricity supply may have to wait a little longer. The power sector is now in a dire state.
PENGASSAN identified a number of factors that would prevent Nigeria’s power supply situation from improving very soon, emphasizing that this remained true despite the economic importance of energy to the nation. Additionally, it forbade the Federal Government from implementing the Petroleum Industry Act 2021 in only some cases.
Osifo commented on the power situation in Nigeria by saying, “Even though access to electricity is anticipated to catalyze nations in the drive for industrialization, supply to households and businesses, this has remained abysmal in Nigeria on a global scale.
“Averaging 4,500 megawatts in the past eight years, Nigerians looking forward to improved electricity supply may continue to wait as inherent challenges may stall power generation in the current.
“Going by industry statistics, not only have gas-related issues affected the country’s generation, dispatch of the generated electricity remains elusive as transmission and distribution bottlenecks are frequently blamed for the capacity to wheel power to end-users.”’
Osifo pointed out that the power sector was currently grappling with a severe debt burden, adding that the poor foreign exchange rate situation in the country was halting the adequate acquisition of tools to run the electricity supply industry.