Vice President, Yemi Osinbajo says Nigeria is facing a very dire situation on power supply.

He was speaking in Lusaka, Zambia, yesterday at the commencement of the African Development Bank (AfDB) annual general meeting, with the theme "Energy and Climate Change".

According to him, 45 percent of those who lack access to power in the world are from Africa with "almost half of that African share are in Nigeria." "We are faced with a very dire situation, and in most of Africa, we simply don't have power and without power, there is very little that can be done," he stated.

He added: "For us, priority today is development, and we have to take development seriously. We think that renewable energy and all of the concern about climate change are important, but we must prioritise development."

He noted that Nigeria is one of the major hydro-carbon enriched nations; the situation which, according to him, makes fossil fuel important.
The vice president described coal as equally important, saying Nigeria had to leverage all it could get from fossil fuel.

He also told the session that Nigeria has the capacity for solar energy and would tap into it, stating however that "We are dealing with a major developmental problem."

He, however, explained the limitations of solar power, saying "We must bear in mind that for industries, the base load power is critical and is so much more difficult to get from solar power. So, we must understand that our immediate need requires the base load power that can move us forward quickly, and that we would get from fossil fuel, hydro power and coal fire plants."


Read more at http://www.dailytrust.com.ng/news/general/power-we-re-in-very-bad-situation--osinbajo/148290.html#hu24JVG7i9dyHI2S.99

With all the money assigned for power generation every year, why are we still living in darkness? The truth must be told, the government are making money from the petrol we buy in powering our generators since it's the only source of the country's wealth. We can't have good power supply until we look as where as a country for economy growth, agriculture is there for us to likewise other means.. We just need a good thinking young and vibrant youth to lead this country

Mtcheew

D most clueless govt ever n d truth b told unles zombies will not admit to d real truth b4 NW dis country is not as bad n terrible as it is in d hands of dis slowpoke incompetent power hungry apc leaders NW all we hear is execuses blame game n lies yeye govt

But u promised to change it na

The truth is this a special tax must be taxed specially for power

Tax alone should give Nigeria over $100bn every year and with that the power issue is gone

A GDP of over $500bn and can't generate $50bn... something is wrong somewhere
Nigerians need to pay tax so that they will stop collecting money to vote or vote based on ethnicity
But based on who will use ur money well

My thoughts tho

So this short man sef don follow go yawa us in zambia like his oga?

Chai.. We don suffer oh!

Anyway, Nigerians expect him to profer solution to the promise since his government promised that.

Shikena