The power situation in Nigeria has continued to worsen over the years despite the substantial investments in the sector by past and present administrations in the country, a new report has said.
NOIPolls Limited said in its ‘Power Poll Q2 2019 Report’ released on Wednesday that the quarterly average cumulative hours of power supply dropped to 9.2 in Q2 2019 from 9.6 in Q1.
For instance, Nigeria has expended an estimated sum of N5tn ($31.45bn) in the last 20 years to generate power. However, only a maximum of about 5,074 megawatts of electricity could be generated within this period, which is still grossly inadequate and derisory.”
The report said the decline in power supply in the second quarter might be attributed to the continuous breakdown of the national grid and other daunting challenges experienced at both levels of generation and transmission of electricity in the country.
It said the decline had hampered economic activities, especially of businesses whose operation depended majorly on the power supply.
Source: Punch Newspaper
