President of Nigeria Consumer Protection Network, Kunle Olubiyo, described the minister of Power Adebayo Adelabu plans to generate 20,000MW in the next three years and 60,000MW by 2060, it as ‘political megawatt’.
Olubiyo said the problem of the sector is not getting the money to finance it, with over $10bn sunk as foreign loans from 2013 to 2023.
He said most of the money was squandered through corruption and other frivolous expenses that led to minimal growth in the sector.
“Instead of investing in low-hanging fruits and quick wins for 15 years, the Nigerian government has not been able to embark on mechanised vegetation control of vegetation encroachment of the national power grid transmission network and with enough resources made available by successive administration, the grid couldn’t procure SCADA, spinning reserves, black equipment, system protective devices, no maintenance and national grid has remained radial instead of ring forms loop,”.
He described the minister’s ambition as nothing but a big joke but advised him to sit down and set up his communication and technical team to roll out his work plan and agenda for the power sector as there are lots of jobs to be done.
