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RE-VISITING THE POWER SECTOR

We know that the last administration of President Goodluck Jonathan in an attempt to solve the nation's power challenges privatized the power sector to different enterpreneurs. The move however failed to supply the much needed power for the nation's consumption. After President Buhari's takeover, not much has happened with regards to providing power to run industries, homes and business on which the economy depends.
The current minister of power has introduced the energy mix strategy to help supplement what the country generates but so far it hasn't impacted much on the power problem. We have a situation right now where power generated comes from hydro power plants, gas and renewable energy. And we know so far, the combined power generated from these sources have been too little to serve the country. But do we know that Nigeria flares gas everyday and wastes what could be added power generation from gas. Why not open the power sector like the telecommunications sector and invite investors to build gas plants and conserve the wasted gas and use it to generate power. It is one of the natural resources we have in abundance in this country and should be used for its citizens. Just like the billion dollar oil sector, we can open up the gas sector and use it to solve our power problems then Nigeria can fully industrialize. Imagine the employment opportunities the sector could provide and the fallout of smaller jobs across the value chain.
The solution to our problems are not so complex, we just need complex thinkers.

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