[EDITORIAL] Let there be light and there was not
While countries around the world like Netherlands, United Kingdom, France and a host of others are making plans to halt the production of gasoline cars in favor of electric cars as soon as 2025; we can’t boast of stable power supply. This is the sad reality of a 57-year old nation. Political manifestos over time are characterized by grand, rather unrealistic, goals for the power sector. These promises are usually snubbed by the administration once it assumes power. In September 2013, ExPresident Goodluck Jonathan handed over control of 15 state-owned electricity companies to new private owners. It was hoped that the move would encourage essential investment, but in reality, it has been a disaster (for lack of a better word). Even the President, Muhammadu Buhari, admitted that the issue is ‘no longer a laughing matter.” The Minister of Power, Works and Housing, Babatunde Raji Fashola has highlighted lack of sufficient financial investment as one of the factors hindering adequate...