A Review of the Nigerian Energy Industry

NACCIMA decries slow implementation of Nigeria’s power roadmap

23 August 2011, Sweetcrude, Lagos –The Nigerian Association of Chambers of Commerce and Industry Mines and Agriculture (NACCIMA) has decried the slow pace of implementation of the Nigerian government’s power roadmap launched in 2010 by President Goodluck Jonathan.

NACCIMA President, Chief Ademola Ajayi, said in a state-of-the-nation’s-economy briefing in Lagos that government’s efforts so far to fix the power sector have not shown any remarkable result in the amount of power available to consumers in the country.

He said: “We acknowledge the on-going relentless effort to overcome the power issue, but we must express our worries with what appears to be a slow pace in the implementation of the Roadmap for Electricity in the country. The present state of power supply in the country has continued to constrain capacity utilisation in the industries and also increase cost of doing business,”

NACCIMA urged government to give priority attention to the speedy realisation of the targets of the increasing power generation to 10,000 megawatts by the year 2012 and the expected 30,000 megawatts and above by 2020.

The chambers of commerce umbrella body charged the Federal and State governments to gather speed in the transformation agenda, which has four years to actualize, noting that the four year tenure of President Gooduck Ebele Jonathan is like a new dawn for Nigeria and must be well utilised.

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