In recent years, the Nigerian power sector has experienced many broad challenges related to electricity policy enforcement, regulatory uncertainty, gas supply, transmission system constraints, and major power sector planning shortfalls.
it loses N10.1 trillion annually to power crisis, just as the World Bank said that Nigeria will need about $100 billion in the next 10 years to tackle the challenges in its energy sector.
Poor electricity has become a barrier to economic prosperity and development in the country, a challenge the minister is expected to address.Over the years, poor maintenance of electricity infrastructure has been one of the major causes of poor supply in the country. The vandalism of the transmission infrastructures and distribution equipment has also been a common occurrence.
Last July, the Enugu Electricity Distribution Company said more than 20 transformers had been attacked byIn 2022 alone, the country's national grid reportedly collapsed eight times, partly due to vandalism, and many Nigerians expect the power minister to address the concern.
With these objectives yet to be achieved, the government in 2020 approved the National Mass Metering Programme . It will further improve network monitoring capability and availability of data for market administration and investment decision-making.
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