Power Minister Blames Poor Financing For Epileptic Power Supply

Power Minister Blames Poor Financing For Epileptic Power Supply

During an interactive dialogue organized by the House of Representatives Committee on Power, the Minister of Power, Adebayo Adelabu, highlighted insufficient financing and inadequate gas supply as the key factors contributing to Nigeria’s ongoing energy deficit…..READ ALSO Power Minister Calls Emergency Meeting To Tackle Erratic Electricity Supply

Adelabu, speaking at the event attended by prominent stakeholders including Speaker Tajudeen Abbas and Senate Committee Chairman Enyinnaya Abaribe, emphasized the critical role of the power sector in driving economic activities. He underscored the need for concerted efforts to address the challenges hindering optimal performance in the sector.

According to the Minister, the chronic energy deficit in Nigeria has been exacerbated by persistent issues such as poor financing and gas supply constraints. Despite these challenges, he expressed optimism about ongoing initiatives aimed at overcoming these hurdles.

Adelabu reassured attendees of the government’s commitment, led by President Bola Tinubu, to addressing these issues effectively. He emphasized the importance of collaboration between the government and the private sector in enhancing the infrastructure and regulatory frameworks necessary for energy production and distribution.

Stakeholders echoed the sentiment, emphasizing the urgency of innovative financing mechanisms and increased investment in the gas supply chain. They emphasized the need for concerted efforts to meet the country’s growing energy demands and create a more conducive environment for business operations.

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