Nigeria must end dependence on govt to fund electricity sector — Presidential aide
” According to Babalola, Nigeria’s electricity challenge is not simply a shortage of generation capacity, but the inability of the sector to consistently convert available capacity into reliable electricity, revenue and sustainable investment.
He said the success of the sector reset should therefore be measured not only by government spending, but by the volume of investment the electricity market could attract without government absorbing all the commercial risks.” The presidential aide said government could no longer finance the electricity sector indefinitely, adding that its role should increasingly be to create conditions that allow private capital to invest and earn sustainable returns.
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