The Electricity Generation Companies (GenCos) at the weekend said the country loses $29.3billion yearly to low supply resulting from load shedding and inadequate facilities.
The Executive Secretary, Association of Power Generation Companies (APGC), Joy Ogaji, in an emailed response to questions, urged the Transmission Company of Nigeria (TCN) to upgrade its network to absorb the 8,000megawatts (Mw) capacity of the GenCos.
She said: “In urban areas where electricity access has been provided, the availability of electricity supply is drastically low, due either to load shedding or inadequate power supply facilities. It is estimated that the Nigerian economy is losing $29.3 billion annually, due to the lack of adequate power.”
Even the Nigerian Communication Commission (NCC) blamed poor Telecommunication services on Inadequate Power Supply.
The Manager, Technical Department (NCC), Mr. Musa Diabu, stated this over the weekend in Okene, Kogi State when the commission held a sensitisation programme on the need for citizens to collectively protect telecom infrastructure in the country rather be left to security personnel only.
Daibu who blamed inadequate power supply for the poor services provided by the service providers, said Nigeria needs about 158,000 metres of optic fibre to provide adequate broadband across the country, adding that what the country currently has is 38,000 metres.
We all know how important our Phones have become, imagine having flat Battery on your Phone, or your not reachable because there is no light to power the Server around your Area.
What about big Companies that left our Country for neighbouring African countries because of poor Electricity – which has led to quite a number of people losing their means of livelihood and economic power, and not being able to contribute to the economic Purse of the nation. Another issue is, after some of these Companies left our Country, goods that were hitherto produced here that we had to buy at low cost now come at high cost because we have to import them.
For how long do we intend to continue like this? The only solution to epileptic power supply and for our economy that is down to rise again is to go Solar.