Can Tinubu’s promise on power be the last?

By Auwal Ahmed Ibrahim

An investigation shown that president Jonathan and Buhari spent N1.164 trillion on power in 8 years”, and SERAP investigation shown that N11 trillion Naira lost between 2015 to 2019 meant to fund Nigerian power sector” while Nasir Elrufai, the governor of Kaduna state stated that “the Federal Government spent N1.7 trillion on power” without progressive achievement on the supply of the power.

Nigerian economy is sinking and shrinking while poverty is getting bigger because of many reasons of corruption and epileptic power supply. At the moment, power stands around 3,650 megawatts (mw), despite the huge sum of money the sector swallowed but there is nothing beautiful to write about Nigerian power condition. The national grid collapsed 98 times from 2015 to October, 2022 amid N1.52tn bailout. More so, the National grid failed for more than 230 from 2010 to the first half of 2022. This means that the promises of the past and the present governments to resuscitate and stabilize the sector have failed, though, the government blame the situation for corruption and sabotage but the power distributors put the lion blame for the instability of the electricity for nonpayment or noncompliance of their directives. But, no matter what, there are customers that toe the line and what about their rights?

One can wonder how can companies in Nigeria survive to pay their staff, settle their revenues and get profit? One can feel sorry for media organizations, companies and other small business owners because finding has shown that a radio station in Kaduna state buys N200, 000 diesel on daily basis. Then, how can that station pay the salary of its staff at the right time? This simple question can explain the trauma of epileptic power supply in Nigeria.

This newspaper reported in 2021 that Nigeria lost more than $29 billion yearly because of the poor supply of Nigerian power. Another report revealed that from 2015 to 2019 more than 350 businesses collapsed in Nigeria, and, this is the main reason Nigeria loses foreign investors to other counterparts because a recent report said Nigeria loses N96.4trillion yearly due to the poor electricity supply in the country.

Like other political aspirants in Nigeria, the incoming president of Nigeria, Asiwaju Bola Tinubu in January during a campaign activities in Ondo promised to restore the power supply in Nigeria and if achieved Nigeria will set the ball rolling for development because what Nigeria needs to excel is stable power supply. Electricity is life wire of all businesses and no business can strive without it. With sufficient electricity, many problems of this country will fade away while make the country a giant nation because a powerful country is made with power.

By estimate, in March 2022, Professor Idris M. Bugaje, the Executive Secretary of the National Board for Technical Education, NBTE said there are almost 90 million unemployed youths in the country. Prof. Bugaje reiterated that no matter the efforts of governments in empowering Nigerians, without efficient power supply the youths will become redundant because welder, mechanic, tailor, plumber and retailers all need power to satisfy their clients and customers. Indeed, efficient power will also empower women in their homes with micro businesses. This concept is the most important vision of the incoming government. Meanwhile, Bugaje complained on the cost of power in Nigeria, said that the cost effects “the made in Nigeria products” and even education. To promote made in Nigeria products and invite investors into Nigeria Bugaje said Nigeria should subsidize the power bills and adopt methods to lock leakages of corruption.

Standard power is needed not only for businesses alone but for comfort and good life at homes and for technological purposes in this 21 Century, but at this time in Nigeria power is almost kicking the bucket. In 24 hours it is calculated that Band B community gets less than an hour light, with this ration, what benefit can customers derive from their monthly payment? This simply means that Nigerians are paying for darkness because many don’t have prepaid meters to save them from exuberant charges of the power distribution companies. Companies and private sectors pay more than the power they consume because only few companies and institutions have prepaid meters. Can this be another form of corruption in disguise?

The power sector of Nigeria is characterized with corruption; SERAP echoed that $16 billion was sink into the power sector from 1999 to 2017 without tangible progress to show. CIPE in 2020 reported that Nigeria lose billions of Naira due to corruption in the power sector. With ravaging corruption among the power staff and the power distribution companies, power companies in Nigeria lose