by Akinola Ajibade,
Hope of getting improved power supply will remain a mirage for as long as the sector continues to battle liquidity gap of N809 billion and other problems, electricity distribution companies (DisCos), have said.
Its umbrella body, the Association of Nigerian Electricity Distributors (ANED), lamented that the sector is confronted with problems, such as poor electricity generation and distribution, obsolete equipment, liquidity and others, arguing that stable power is difficult in Nigeria, as long as the problems persist.
ANED spokesman, Mr Sunday Oduntan, who spoke at the World Economic Summit in Lagos with Addressing unemployment crisis in Nigeria as its theme, Oduntan said: “Getting stable power supply would continue to be a problem in Nigeria, as long as the country continues to grapple with the problems. The unemployment situation has worsened, because operators in the formal and informal sectors, do not have light to work with.
“Productivity is poor in every sphere of the economy, because there is no regular supply of power. The Federal Government is unable to boost the economy, because power and other infrastructures are not in place.”
The forum, organised by the WorldStage Group, brought stakeholders from the public and private sectors.
He said the sector would improve on its performance once the liquidity problem was addressed and stakeholders in the value chain got enough funds for their operations.
He said sectors depend on one another for growth, adding a growth in one sector will lead to a corresponding growth in another.
“What I’ m saying is that once the power sector records a major growth, via improved supply, there would be a spilled over effects of that growth on the economy. When economic activities improve, following an improvement in power supply, the better for Nigeria,’’ he added.