The Federal government has been urged to find a lasting solution to the challenges cladding the power sector. The charge which came from a Network of Nigeria Civil society Organizations (CSOs) stated that the lack of power in the country had become a source of concern and should be tackled decisively.
Speaking in Abuja yesterday, Ambassador Agbonkpolor Splendor, the DG of the CSOs said it is also important for stakeholders in the society to come together and proffer lasting solution to the challenges downplaying the power sector. Although funding is a major setback in the sector, there’s also the need to ensure that those responsible for providing power to Nigerians work together. “There is need to address the power deficit in the country and expand infrastructure as well,” he said.
POOR POWER HINDERING THE GROWTH OF SMEs – PUNCH
Adequate power supply enhances job opportunities and the number of business available in Nigeria. This means that small-scale businesses which rely on energy will flourish when electricity is constant. However, this is not the case, owners of small businesses in Nigeria seem to have adapted to the epileptic power supply in the country as they have resorted to alternative forms of electricity like generators to power their businesses, thus not making as much profit as they should.
According to a report from the Good Governance Initiative in 2015, an NGO advocating for uninterrupted power supply in the country, Nigerians spend N3.5trillion on fueling their generators annually. This has also led to the closure of many businesses in the country, and many more retrenching workers on daily basis.
Unarguably, the solution to Nigeria’s power crisis is solar energy – it would be beneficial to both the government and SMEs to invest in Pay-as-you-go Solar option which can supply uninterrupted electricity. This will, in turn, increase productivity and raise the living standard of al SMEs while generating revenue for the government as well.