The Federal Government on Sunday reassured Nigerians, especially industrialists, of steady electricity supply in a very short time.
Chinedu Nebo, the minister of power, gave the assurance at the investiture of the newly elected president and council of the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) in Enugu.
According to him, down¬turn in the power sector is only temporal, saying government is doing everything possible to provide stable electricity. “ Lots of work is being done. Government is putting the right mechanisms to ensure adequate electricity 24/7”, he said.
Nebo praised industrial¬ists for their steadfastness, urging them to support gov¬ernment’s endeavour to¬ward making them succeed.
The minister said that the Federal Government had commenced the map¬ping out of industrial and agricultural clusters across the country with a view to giving them electricity.
“Industry and manufac¬turing are keys to economic development and give a double digit growth to the Gross Domestic Product (GDP)”, he said.
Sam Amadi, the chairman, National Electricity Regulatory Commission (NERC), said that privatisation was a major component factor in the power sector reform.
“The establishment of a competitive electricity market with free entry and exit for private providers is the major objective of the power sector reform in Nigeria,’’ Amadi said.
Amadi urged Nigerians to stop politicising power, saying that to privatise power was not an easy process.
According to him, the next phase of the power reform is to regulate the tariff, which he said, was already in progress.
He appealed to chambers of commerce in the country to support the transformation agenda of the present administration by ensuring the realisation of the power reform objectives.
The chairman presented a paper entitled, ‘New Power Sector Regime as Panacea to Stable and Quality Electricity Supply’.