The Federal Government says it is committed to ensuring an efficient power supply industry that will guarantee adequate, reliable and affordable electricity for Nigerians.
Mr. Sanusi Garba, Chairman, Nigerian Electricity Regulatory Commission (NERC) said this on Wednesday in Abuja at a one-day workshop for media.
The workshop was organised by the NERC in collaboration with the Power Sector Recovery Operation (PSRO) Secretariat.
Garba said that the Federal Government initiated the Power Sector Recovery Plan (PSRP) with the support of the World Bank to achieve the goal of Nigerians having access to adequate, reliable and affordable electricity in Nigeria.
“Notwithstanding the power supply industry is now private sector driven, its relevance to economic growth and industrial development will require strategic
government interventions.
“ At this developmental stage, the industry’s challenges require that all hands be on the deck to achieve an efficient and effective power supply industry that we desire for our economic development,” he said.
Garba listed the objectives of the PSRP to include the power sector’s financial viability, improve electricity supply reliability to meet the growing demand.
Others, he said were to strengthen the sector’s institutional framework, implement policies that promote and encourage investors’ confidence and institutionalise a contract-based electricity industry.
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