Browsing: Electric Power Sector Reform Act 2005

He noted that unlike what many experts would have Nigerians believe, the inefficient power supply is not what is making the economy not to grow, stressing that Nigeria recorded 7 percent annual growth rate in 2013 and 2014 when it was generating less electricity than it does currently.

Fashola, who was visibly angry with the recent statements of the Discos, declared that the power firms had failed in many aspects and bluntly stated that complaints of obsolete infrastructure in the sector as alleged by the companies were unnecessary because they were aware of the state of these facilities when they purchased the assets.