Despite the huge investments made in the energy sector since the privatisation of the Power Holding Company of Nigeria, PHCN, about 75 percent of theNigerian population still live without access to regular electricity supply.
According to The Nigerian Association of Energy Economists, NAEE, despite statistics indicating that45 percent of the country’s population is currently connected to the national grid, regular supply is stillrestricted to just about 25 percent of the population.
This is coming as the International Finance Corporation, IFC, said that constant regular power supply will ensure overall prosperity and development for Nigeria.
Most of the people with access to electricity are found within the urban areas of the country, thus leaving citizens in the rural areas with less access to electricity supply.
NAEE therefore raised concern on economic redundancy in these parts of the country, adding that despite the importance of energy to economic development, large proportions of Nigerians still lack access to electricity.
The National President, NAEE, Mr. Wumi Iledare, who stated this at the 2015 World Energy Day, said energy contributed greatly to the transformation of the world and provided comfort to the human race.
He, however, noted that the association was concerned that majority of Nigerians do not have access to energy, stressing that for those with some form of access, availability and quality still remain major issues to contend with.
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