Why Nigeria Could By no means Get pleasure from 24/7 Energy in Our Lifetime – Odion Omonfoman on Talknomics

On this must-watch episode of Talknomics, vitality professional and CEO of New Hampshire Capital, Odion Omonfoman, delivers a sobering actuality test on Nigeria’s electrical energy future. Regardless of years of privatisation and reforms, he warns that an uninterrupted 24-hour energy provide throughout Nigeria could by no means occur in our lifetime.

Talking with host Ugodre, Omonfoman identifies 4 root issues that proceed to cripple the sector: poor implementation of reforms, lack of capital funding; particularly in distribution, weak regulation, and political interference. Even with the 2023 Electrical energy Act empowering states to take management of their energy markets, most are nonetheless grappling with execution.

He additionally slams distribution corporations (DisCos) for failing to reimagine their enterprise fashions, declaring that many depend on authorities bailouts fairly than metering clients or increasing infrastructure. Whereas choose communities and states could obtain dependable electrical energy by embedded technology or renewables, nationwide 24/7 energy stays unlikely underneath the present construction.

Wish to perceive why your lights are nonetheless off and what may be finished about it? Watch the complete episode of Talknomics now on Nairametrics TV on YouTube and be a part of the dialog.