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Release power sector to Private investors, Stakeholder

An NGO, the International Centre for Energy Environment and Development (ICEED), has called on the Federal Government to release the power sector to private investors. Making the call in an interview with the News Agency of Nigeria (NAN) in Abuja , the Coordinator, Mr Ewah Eleri, said that the private sector had the capacity to sustain electricity supply in the country.

He said that the proposed 6,000 megawatts to be generated by December would not solve the power supply problem in the country.  He said the decentralisation of electricity supply and the provision of mini-power plants all over the country was a better alternative than the national grid system currently in operation.

“Electricity can be generated in a river or waterfall close to any community at lower cost and low environmental pollution by investors, ” he said.

According to him, Nigeria has more to gain by investing in the small sources around the country, such as solar, small hydro and small gas plants, which will reduce cost and serve Nigerians better.  The coordinator urged the government to reduce the regulatory mechanism that constituted a hindrance to private sector investment in the power sector.


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