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Shettima: No Development Without Power Sector Reforms

Vice President Shettima Calls for Power Sector Reforms to Drive Economic Growth

paulcraft by paulcraft
December 14, 2024
in National
Reading Time: 1 min read
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Vice President Kashim Shettima
  • Vice President Kashim Shettima emphasized that Nigeria’s economic growth hinges on comprehensive reforms in the power sector and electricity access
  • He urged national leaders to unite and address the electricity crisis, highlighting successful energy solutions from countries like India and Uganda

Vice President Kashim Shettima has emphasized that meaningful economic growth in Nigeria is impossible without comprehensive reforms in the power sector.

He urged national leaders to set aside differences and tackle the country’s electricity crisis to achieve industrialization.

Shettima made this call while inaugurating the National Economic Council (NEC) Ad Hoc Committee on National Electrification and the NEC Ad Hoc Committee on Polio Eradication at the Presidential Villa, Abuja.

Addressing the National Electrification Committee, Shettima highlighted lessons from countries like Indonesia, India, South Africa, and Uganda.

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He noted that these nations have overcome energy shortages and are now at the forefront of post-industrial revolution development.

“One thing these countries share is that they have largely resolved energy insufficiency issues,” he said. “We cannot dream of meaningful national economic development without addressing power sector challenges and ensuring accessible, available, and affordable energy for Nigerians.”

Shettima lamented that between 40% and 70% of Nigerians still lack access to electricity. However, he expressed confidence in the committee’s ability to change this narrative positively, citing its members’ expertise and experience.

Acknowledging the persistent issues in the power sector, including frequent grid collapses, Shettima said recent reforms provide hope for improvement.

He explained that These changes have opened the energy sector to previously excluded players and created opportunities to attract foreign and local investments.

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