There are indications that Nigerians and businesses may continue to grapple with an epileptic electricity supply, as generation dropped, yesterday, to 3,527.76 megawatts (MW), showing 877.28mw or 19.92 percent decrease, from 4,405.04MW recorded the previous day.
The data obtained from the Nigerian Independent System Operator (NISO).
With critical electricity infrastructure struggling to maintain output, stakeholders warn that without immediate intervention to address the underlying gas supply constraints and aging transmission facilities, the nation’s power sector recovery will remain stifled.
Experts in the power sector have attributed policy inconsistency, regulatory weaknesses, corruption, and lack of political will to challenges hampering growth in the power sector.
Reacting, Prof. Wumi Iledare, energy economist, stated that the power sector is not just underperforming, it is also financially trapped.
He stated: “Over N4 trillion in legacy debt continues to choke the entire value chain: GenCos unpaid, gas suppliers constrained, DisCos struggling, and NBET overstretched.
“The so-called “solutions” have been mostly stopgaps – Central Bank of Nigeria, CBN, interventions, guarantees, and subsidies – treating liquidity symptoms while ignoring structural failures.
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