Nigerians should not expect improved power supply any time soon, the Director-General, Bureau of Public Enterprises (BPE), Benjamin Ezra Dikki, has said.
Dikki, who spoke yesterday at a Breakfast Meeting of the Lagos Business School, said although the successor companies of the Power Holding Company of Nigeria (PHCN) would be handed over to their new owners as from October 1, the development would not bring about immediate changes.
While appealing to Nigerians for understanding, he said investments in the sector would take time to achieve results and that construction of new generation capacity would take two-five years to achieve most of the results envisaged.
He however stressed that with the power sector in private hands, Nigeria would benefit from increased power supply and a boost in agricultural and industrial development among other positive developments.
He called for strong incentives and support from the government to encourage further private sector investments in gas to boost power supply in the country.
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