Energy Shortage Impacting Power Generation, Tony Elumelu Urges Government Action

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The operational efficiency of national power plants is facing disruption due to an insufficient gas supply, according to Tony Elumelu, the Founder of The Tony Elumelu Foundation. This issue, he indicated, is directly affecting the availability of electricity across the nation. Speaking on Sunday at the Nigerian Bar Association’s Annual General Conference, Elumelu emphasized the urgency of investing in the country’s power sector and establishing effective regulatory frameworks that can ensure consistent and sustainable power distribution to homes, schools, hospitals, and industries.

Elumelu drew attention to the paradox of a gas-rich country struggling to optimize its power plants due to a lack of gas supply. Highlighting a specific example, he mentioned the TransAfam Power Plant, owned by Transcorp Group, which has a capacity of 1000 megawatts but faces challenges due to insufficient gas supply. Despite Nigeria’s vast gas reserves, the country couldn’t provide the required 65 million standard cubic feet of gas for testing the power plant; even after a significant investment by the Nigerian government in acquiring power turbines.

Elumelu pointed out that the country possesses untapped gas fields and considerable private capital that could be directed toward gas production investments. However, he noted that regulatory hurdles and self-serving policies are impeding progress in this direction.

Addressing the nation’s energy deficits, Elumelu discussed the negative consequences, including the loss of talent among youth and overall disillusionment. He argued that insecurity resulting from issues like banditry, kidnapping, and pipeline vandalism has far-reaching implications; leading to uncertainty, poverty, and hardship. Elumelu called for focused investment in security measures.

In terms of government policies, Elumelu acknowledged the positive long-term impacts but encouraged a more deliberate approach toward supporting the country’s entrepreneurs and youth. He urged a renewed commitment to investing not only in the education system but also in nurturing an entrepreneurial culture.

Elumelu concluded by urging private sector leaders to embrace their roles as drivers of innovation, investment, and job creation. He emphasized that fostering entrepreneurship goes beyond economic objectives—it’s a social responsibility. In closing, he called for a united effort guided by principles of unity, inclusivity, and progress to strengthen the task of nation-building.

 

 

 

 

 

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