Pursuit of rapid Infrastructure Provision and Development - The Power Sector
Power is key to any development in the country. Nigeria presently utilizes under 4,000 megawatts of power. This is grossly inadequate for a country of the size of Nigeria or for any country seeking high technological attainments. Power and energy are the engine for growth. Industries, businesses and private homes are seriously affected and impacted on by inadequate power supply in the country.
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The 10th Senate will take specific action to begin to address this problem.
a. Review and strengthen existing legal frameworks, including the Electric Power Sector Reform Act (EPSRA) and the Nigerian Electricity Regulatory Commission (NERC), to reflect current realities.
b. Prioritise investments in the transmission and distribution infrastructure to reduce technical and nontechnical losses.
c. Decentralise energy production by promoting off-grid solutions, especially in rural areas where grid connectivity is challenging.
d. Scrutinise the current electricity tariff system in the country, to ensure fairness and equity.
e. Adopt legislative measures to promote renewable energy through tax incentives, grants, etc., for investments in renewable energy sources such as solar, wind and hydro.
f. Mandate regular and transparent audits of all entities in the energy sector to curb corruption.