The President of Lagos Country Club, Seyi Adewunmi, has outlined key measures Nigeria must implement to achieve a reliable, affordable and sustainable electricity supply for its population of more than 230 million people.
Adewunmi made the recommendations during his welcome address at the Club’s Business Forum 3.0, held in Lagos over the weekend.
The forum, themed “Energy Costs and Business Survival: Driving Profitability Amidst Nigeria’s Power Crisis,” focused on the challenges businesses face due to the country’s persistent electricity problems.
He noted that resolving the power crisis was essential to Nigeria’s industrial development and its ability to create employment opportunities for its growing youth population.
According to him, improving electricity generation capacity must be a major priority, alongside ensuring that existing power plants operate efficiently.
He explained that achieving this would require dependable gas supplies, adequate supporting infrastructure, regular maintenance of power facilities and investments across gas-fired, hydroelectric and renewable energy sources.
“This calls for reliable gas supply, adequate infrastructure, diligent maintenance of exist...