Chinedu Eze
The President of the Lagos Country Club, Seyi Adewunmi, has recognized methods priorities that have to be achieved for Nigeria to have sustainable and inexpensive energy accessible to over 230 million of its inhabitants.
In his welcome handle in the course of the Business Forum 3.0 organized by the Club on the weekend in Lagos, with the theme: “Energy Costs and Business Survival: Driving Profitability Amidst Nigeria’s Power Crisis.” Adewunmi mentioned that for Nigeria to change into industrialized, create jobs for its teaming youths, the nation should resolve the intractable drawback of energy provide.
To resolve this drawback, Adewunmi identifies these priorities, which embody the strengthening of electrical energy era.
“This calls for reliable gas supply, adequate infrastructure, diligent maintenance of existing power plants, and investment in a prudent mix of gas-fired, hydroelectric and renewable sources. New capacity is important, but we must equally ensure that the facilities we already have deliver their full potential,” he mentioned.
He mentioned Nigeria should resolve the bottlenecks in transmission and distribution, noting that electrical energy generated means little if it can’t attain houses and companies effectively.
“Investment in transmission lines, substations, transformers, distribution networks and modern grid management must be accelerated, even as technical and commercial losses are reduced,” he mentioned.
