A Review of the Nigerian Energy Industry

‘Nigerians to stop use of generators soon’

8 September 2011, Sweetcrude, Abuja – Nigeria’s Vice-President Namadi Sambo has assured Nigerians that the use of generators will soon become history in view of the huge investment of government in the power sector.

Sambo gave the assurance when members of the board and management of the Academy for Entrepreneurial Studies (AES) paid him a courtesy visit at the State House in Abuja.

He said adequate measures had been put in place by the Federal Government to ensure adequate power generation, transmission and distribution, noting that Nigerians had started witnessing improved electricity supply across the country.

Sambo said only competent and reputable companies would be allowed to handle the nation’s power sector to ensure efficient and effective electricity supply.

“I want to assure you that we are doing everything to see that by the end of the day, the power sector is handed over to competent, experienced companies that would able to meet our objectives of ensuring that we have adequate power in this country.

“We have good management of our power system, and that this issue of generators will be history.
“In this regard, we are doing everything to encourage the private sector.

” In fact, for any private sector operator today that is ready to invest in the power sector, we will provide securitisation for the investment.”

The vice president also said the Federal Government was doing all it could to address all security challenges to boost socio-economic activities in the country.

He said the Federal Government would also look into the possibility of partnering with state governments in ensuring surveillance to enhance security of lives and properties in the country.

According to him, government is also looking into the provision of decent accommodation for officers and men of the Nigeria Police as part of efforts to boost their morale.

In his remarks, the President of AES, Dr Ausbeth Ajagu, said the fundamental ideology behind the establishment of the academy was that Nigerians had no reason to remain poor given the rich endowments of the nation.

He called on the Federal Government to conclude the sale of PHCN to competent, technical and financially viable companies to ensure stable supply of electricity.

Ajagu also urged the government to outlaw the use of generators in all PHCN offices nationwide as a means of cutting down corruption and making the sector work.

He further stressed the need for the introduction of community policing as well as increment in manpower and operational capacity of the various security agencies.

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