4,000 to 5,000MW of power very bad for Nigeria’s industrial quest—-BUA group boss
A member of the Nigeria Industrial Policy and Competitiveness Advisory Council (NIPCAC) committee, and Chairman of the BUA Group, Abdulsamad Rabiu, has sounded it loud and clear that marking time around the power production capacity of 4,000 and 5,000MW has become a source of concern for the rising industrial quest in Nigeria.
Explaining issues shortly after the end of the committee meeting inside the Presidential Villa, Abuja with the committee members and the Minister of Minister of Industry, Trade and Investment, Okechukwu Enelamah, he said the council was looking at how power generation could be improved upon.
Continuing, he recalled that “As we all know, power generation in Nigeria is at 4,000MW for more than 20 years. So, government is very concerned; it is very worried and it is doing everything possible to ensure that Nigeria has the required power”.
“If you look at Egypt, for example, it recently inaugurated a 4,000MW hydro (power plant), which only started about four years ago. Nigeria, being the biggest economy (in Africa) and having only 4,000MW or 5,000MW, I think it’s not the best for us.
“So, the government is doing everything possible to ensure that at least some of these critical areas are addressed. There is definitely the need for us to do something about it. The government has invited the private sector and we are working together to see how we can together come out with modalities to improve most of these critical areas to push this country forward,” BUA Group chairman noted.
Earlier, the Minister had listed five priority areas already identified by the Council to work on including critical infrastructure, financing, trade, skills and capacity building and assured that both the government and the committee will work on them.
