June 6,2023.Thank you for reading this post, don't forget to subscribe!
The controversy over the removal of fuel subsidy has again brought to the fore the challenges in the power sector.
Naija247news reports that both power, petroleum and gas are intertwined in their functions. None can survive without the other’s support.
Nigerians for instance rely majorly on fuel to support the power generated nationally. This is mainly because generation and distribution remain an issue till date.
An average home connected to electricity has a power backup. Experts believe that approximately 70 percent of Nigerian electricity consumers have generators in their homes to support whatever they get from Discos. These generating sets rely on fuel to work.
Consequently, experts suggest that revamping the power sector and making it work optimally to the satisfaction of Nigerians will reduce the pressure on consumers who still need generators as an alternative source of power.
Fix power, end subsidy crisis
Charging the Bola Tinubu-led government, experts in the energy sector believe a quick fix of the power sector can help to cushion the effect of subsidy removal.
Mr James Ododo an oil marketer based in Uyo, Akwa Ibom State, hailed the removal of fuel subsidy, but insisted that the government must immediately swing into action by fixing the power sector. According to him, Nigerians cannot survive in the absence of power and fuel.
He said: “If we don’t fix power immediately, we will run into problems because most Nigerians, even those into small scale businesses, use generators to power their businesses.
“If we are going to be buying fuel at the rate that it is right now, then we must immediately fix the power sector.
“It will be dangerous to just remove subsidy and still sit back and watch the power sector remain the way it is. How will people do their businesses? The first major area to fix under the new regime of removal of subsidy is the power sector.”
Recall that President Bola Tinubu had assured Nigerians that the power sector will be improved tremendously under his leadership.
Tinubu, during his inaugural speech, said power must triple, assuring collaboration with states for better and proper distribution.
How he will do it remains unknown.(www.naija247news.com)