Friday, November 22, 2019
Sharp-Journal > Editorial > The Place Of Power In Nigeria Economy

The Place Of Power In Nigeria Economy

Power

On paper, Nigeria is a big giant with natural resources in abundance, human capital in abundance. In reality, Nigeria is a dwarf trampled on, belittled, with no clear-cut manifestation of her naturally endowed resources no thanks to power drunken elites. This humiliating act of bravado by professional politicians (political cult) has ensured there is lack of constant power supply in Nigeria.

With so much potential at her disposal, Nigeria still crawl and struggle to generate sufficient energy needed for economic growth. Constant power is a key determinant in economic growth and development. Though there is a level of improvement currently, but if the present government is really serious about development, that sector has got to be fixed.

Nigerians have experienced years of neglect by successive government who have come and gone without fulfilling their promises of ensuring a stable power system. The epileptic supply of electricity can of course be attributed to the political class who made themselves ‘Power Lords’ when they are just representative servants. This ill-fate of living in darkness may however, linger if sustained and concerted effort to revamp the power sector is not immediately initiated.

The government of President Muhammadu Buhari must realise the place of constant supply of power or energy as a key indicator of how well the economy would be. With effective power supply, there are many derivatives derivable from this giant stride. It will indeed galvanise the economy to the height it should belong.

Presently, the Nigerian economy is below performance as far as human per capita income is concern. Also, employment, Gross Domestic Product (GDP) — productivity, and other economic intangibles could get a boost if there is constant power supply. Sustained energy can really bolster the economy to appreciate. And this has a way of impacting the lives of citizenry.

To guarantee constant power supply, Sharp Journal encourages that every stumbling block be brought down, and every rot in the system be cleaned out. This, the government of Buhari must do to take Nigerians to daylight.

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