Nigeria’s Economic Growth Hinges on Resolving Power Sector Crisis – VP Shettima

Vice President Kashim Shettima has emphasized the critical need to address Nigeria’s power sector challenges to achieve meaningful economic development and industrialization.

 

Speaking on Thursday night at the inauguration of the National Economic Council (NEC) Ad-Hoc Committee on National Electrification and the NEC Ad-Hoc Committee on Polio Eradication in Abuja, Shettima called on leaders to unite in tackling the nation’s electricity crisis.

 

He highlighted the example of countries like Indonesia, India, South Africa, and Uganda, which overcame energy insufficiency and are now at the forefront of post-industrial revolution advancements. “One common denominator among these nations is their success in resolving energy insufficiency,” he noted.

 

Shettima lamented that an estimated 40-70% of Nigerians still lack formal access to electricity. However, he expressed optimism that the expertise of state governors and committee members would help drive significant improvements.

 

“There is no doubt we cannot dream of meaningful economic development without addressing the power sector and ensuring Nigerians have accessible, available, and affordable energy,” the vice president stated.

 

The NEC committees are tasked with charting a sustainable path to electrification and addressing critical national challenges as part of efforts to industrialize Nigeria and improve citizens’ quality of life.

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