Governor Rotimi Amaechi
Festus Akanbi
In terms of job creation, Nigeria cannot be said to be doing it right in any way. As thousands of young school leavers are churned out by the nation’s tertiary institutions every year, the problem of unemployment and the attendant socio-economic problems have continued to threaten the nation’s match towards industrialisation and development.
Festus Akanbi
In terms of job creation, Nigeria cannot be said to be doing it right in any way. As thousands of young school leavers are churned out by the nation’s tertiary institutions every year, the problem of unemployment and the attendant socio-economic problems have continued to threaten the nation’s match towards industrialisation and development.
However, industrialisation and development come on the wings of adequate and stable power supply as all industrial processes depend on stable and cheap electricity supply. Indeed, without exceptions, all developed nations rank high on the efficient power supply index to underscore the correlation between development and power supply.
Nigeria is, however, lagging behind in the areas of industrialisation and development in the face of the epileptic and erratic nature of power supply which has not only undermined efforts at operating industrial machines but has also increased the cost profile of the real sector.
Independent Power Projects
The problem was confronted headlong by the administration of former President Olusegun Obasanjo in 1999 when the deplorable state of the power sector and the attendant power outages across the nooks and crannies of the country had reached an alarming proportion. The consequent launch of the National Independent Power Plant (NIPP) project shortly after its inauguration in 1999 led to the establishment of several power plants across the country.
The problem was confronted headlong by the administration of former President Olusegun Obasanjo in 1999 when the deplorable state of the power sector and the attendant power outages across the nooks and crannies of the country had reached an alarming proportion. The consequent launch of the National Independent Power Plant (NIPP) project shortly after its inauguration in 1999 led to the establishment of several power plants across the country.
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