The federal government of Nigeria has been urge to prioritize local solutions to address country’s recurrent grid collapse.
This was said by the managing Director of Coleman Wires and Cables Industries Limited, Mr. George Onafowokan while reacting to constant grid collapse and government’s declaration of investment opportunities in the power sector.
He said it is important to industrialise the power sector, adding that there is a need to deregulate the power industry.
Onafowokan said locally manufactured products might be more expensive due to high production costs, however, pointed out that achieving the right investments rest on private-sector-driven policies.
His words: “There is a need for industrialization within the sector. Obsolete wires and cables must be replaced, and all transmission and power project materials should be locally sourced, as the country has more than enough capacity to meet and exceed its needs.
“These challenges have persisted for years, and I sympathize with this government because they inherited these problems. Solving electricity issues is not an overnight task. When we returned to democracy, we started well, but after eight years, we became complacent.
