Stakeholders in the power sectors have reiterated the lack of adequate funding, infrastructure, and other renewable sources of energy as a major hindrance to the growth of the power sector. This was stated during the 12th renewable energy seminar organized in Lagos, by the German Embassy, Abuja and German Chamber of Commerce and Industry. Aside the availability of huge liquidity, other strategies proffered as solutions were efficient transmission and distribution network, meters, and gas.
The Chief Executive Officer, SolarCentric Technologies Limited, Mr Adetunji Iromini, the Campaign Director, Nigeria, Power for All, Mr Ifeoma Alo, the Executive Director, Business Development, Starsight Nigeria Limited, Mr Rex Adebayo, and others, spoke during the seminar themed; Solar PV Development in Nigeria.
Iromini said the industry is currently been faced with problems, such as short supply of meters, huge tarrif and poor infrastructure, adding that the problems can be solved, when the sector is well financed. He said;
“when there is huge liquidity in the sector, it would be easier for the power firms to improve electricity supply, procure enough meters for their customers, among doing other things that would endanger growth in the sector.”
similarly, he noted that the power distribution companies (DisCos) interface with customers regularly, adding that it would be easier for the firms to know the specific problems facing them and how to proffer immediate solutions to them.
On the peculiar issue of metering, Iromini urged power firms to conduct enumeration to know the customers that need meter and supply them meters appropriately, adding that by so doing, the firms are saving customers from the agony of estimated billing.
Citing a report on Power Sector Recovery Programme (2017-2021), Iromini said a unit of energy cost around N50.30, urging the Federal Government to subsidize the price, at which, people are paying for energy. Mr Alo urged the government to allow prospective and exisitng investors in solar and other renewable energy build mini-grids, adding that the government would be decentralizing transmission of electricity in the country.
He, however, commended the government of former President Goodluck Jonathan, for privatization the sector, despite the challenges facing it.