Nigeria needs stable and uninterrupted power supply to get out
of its current economic challenges, an Ilorin-based legal
practitioner, Mr Kehinde Adekunle has said.
Adekunle said this in Ilorin on Thursday in Ilorin while
speaking with the News Agency of Nigeria (NAN).
He described stable electricity supply as panacea for economic
growth and development of any nation
“Stable power supply is needed for the country to boost its
economy. Industries must enjoy reliable and stable electricity to
produce optimally.
“With stable power supply, the production capacity will increase
at a lesser cost, unlike when it solely relies on generator. The
output will be massive and will enlarge the market.
“Government must act fast by investing in the power sector to
revive the economy.
“It will encourage local investors and attract international
investors. They will be willing to do business in Nigeria as the
environment will be market friendly.
“Government should strive to increase the generation of
electricity in the country, imagine South Africa generates 34
megawatts daily, Nigeria should strive to improve its capacity,” he
said.
The lawyer expressed optimism that stable electricity supply
would reduce the rate of unemployment in the country.
Nigeria needs stable and uninterrupted power supply to get out
of its current economic challenges, an Ilorin-based legal
practitioner, Mr Kehinde Adekunle has said.
Adekunle said this in Ilorin on Thursday in Ilorin while
speaking with the News Agency of Nigeria (NAN).
He described stable electricity supply as panacea for economic
growth and development of any nation
“Stable power supply is needed for the country to boost its
economy. Industries must enjoy reliable and stable electricity to
produce optimally.
“With stable power supply, the production capacity will increase
at a lesser cost, unlike when it solely relies on generator. The
output will be massive and will enlarge the market.
“Government must act fast by investing in the power sector to
revive the economy.
“It will encourage local investors and attract international
investors. They will be willing to do business in Nigeria as the
environment will be market friendly.
“Government should strive to increase the generation of
electricity in the country, imagine South Africa generates 34
megawatts daily, Nigeria should strive to improve its capacity,” he
said.
The lawyer expressed optimism that stable electricity supply
would reduce the rate of unemployment in the country.
Read more https://nairalaw.com/stable-power-supply-required-to-revive-economy-lawyer/