In a recent interview broadcast on Channels TV on February 19, 2024, Minister Adelabu spoke on the challenges facing the energy sector in Nigeria. According to him, solving these problems will take time and political will.
He stressed that the electricity issue cannot be resolved overnight: “The energy sector requires time. Anyone who says that we will have electricity 24/7 uninterrupted in the next six months or the coming year lies, because it is not practicable even by spending all the money in the world,” he said.
Adelabu is confident in his ability to solve these problems, but he admits that the improvement in electricity supply will be gradual and steady.
He also addressed the main difficulties of the sector, such as the issue of liquidity and financing, operational and structural problems. According to him, solutions have already been documented to address specific problems in each segment of the value chain.
To remedy the situation, Adelabu stressed the need for significant investments to drive development and create lasting impact. He insisted on the importance of constant financing to achieve the objectives set, highlighting the high costs linked to the construction and installation of new electricity infrastructure.
Ultimately, Minister Adelabu highlights the need for sustained effort and adequate funding to improve the reliability of electricity supply and propel the energy sector into the future.
This statement on the solutions envisaged for the power sector in Nigeria offers a realistic and encouraging outlook for the future of electricity in the country.
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