“Fix the fundamental issues and you’ll fix the power sector” – Muda Yusuf, LCCI D-G

One of the main challenges Nigeria’s manufacturing industry is facing is electric power. An estimated 2 billion dollars or more is said to have been spent trying to provide uninterrupted power in Nigeria. This is besides the $750m facility the World Bank recently approved to develop the nation’s power sector. Is this the final additional funding the power sector needs for Nigeria to be able to provide uninterrupted power for household and industrial use? Director General of the Lagos Chamber of Commerce and Industry, Dr. Muda Yusuf, tells Breakfast Connect that the public-sector variable is one of the key challenges being faced by the Nigerian power sector. According to him, “If the economics is not right, we’ll continue to have problems. Everyone does not have to be hooked up to the national grid.” In fact, he asserts that Nigeria is too big for everyone to be hooked to one national grid.
Mr. Yusuf also explained why the model for the successful liberalisation of the telecommunication sector cannot be replicated in the power sector. 

This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4432283/advertisement