LAGOS—President of Dangote Group, Aliko Dangote, has said the poor performance of the country’s power sector was hindering growth of the economy. Dangote spoke at a consultative roundtable session for public and private sector stakeholders organised by the Central Bank of Nigeria, CBN, in Lagos, weekend.
According to Dangote, Nigeria had been struggling to increase its electricity output for the past 18 years without success. He urged the Federal Government to improve the sector, saying no business would thrive with business owners generating their own power. He said: “How do you have economic growth without power? So, no power, no growth because without power there can’t be growth. Oil set for worst week in 6 months as crude stockpiles surge(Opens in a new browser tab) “Egypt increased its electricity by 10 gigawatts, which is equivalent to 10,000 megawatts in 18 months. “In Nigeria, we have been struggling for 18 years without adding 1,000 megawatts and we have spent about three times above Egypt, why? So, I think we all need to be concerned about that

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http://samgist.com/why-nigerias-economy-cannot-grow-dangote/

Nigeria has been struggling with power issue since I was small till now. Did Dangote say Egypt has up to 10 Gigawatt of electricity? I give up.

We'll continue to spend more than necessary on capital projects without achieving much because our leaders will always ensure the contractors overshoot the budget to favor them and they'll demand for so much kickback that the contractor will be forced to do a shoddy job. Nigeria is a scam

I repeat, in Nigeria everything is in motion yet no movement..... Nigeria appears to be allergic to anything growth and development....... We have the worst set of politicians.

The most wicked people in this country are the politicians,damn no human sympathy,the people who elected u guys are suffering ordinary light we no fit get, ordinary water for some areas na war,good roads na another issue rather they pack funds go Swiss banks,God please intervene am tired abeg

Hmmm

I swear this man just insulted the senate for getting involved in importation generator. Lobtan i swear down this has just expose our leader which is good.

When ever you see Amaethief heart beating so fast with excitement, just know that he has inflated price of his dubious contracts with multinational companies

yenereal:
Nigeria has been struggling with power issue since I was small till now. Did Dangote say Egypt has up to 10 Gigawatt of electricity? I give up.

Egypt is a country with direction unlike Nigeria

I recently told group of friends that Nigerians, not the government is the reason power can't stabilise in Nigeria

Tribalism is killing us . That is y we cannot resolve one of d most fundamental issues confronting us today.

NO WE HAVE TO BE PETRIOTIC DANGOTE IS LYING.... HES IPOB HES IPOB oooooo

yenereal:
Nigeria has been struggling with power issue since I was small till now. Did Dangote say Egypt has up to 10 Gigawatt of electricity? I give up.

Actually Egypt contracted Siemens and they built a combined 14,400MW in 27 months at a cost of less than $10bn.

It was said that it can serve 40 million people

https://www.youtube.com/watch?v=04Z9RYE9RH8

3 Problems With Nigeria by Aliko Dangote

This power issue is a serious problem facing our economy to be sincere.


The part that strikes me more is that Egypt has increased the generation by 10000 MW in 18months...
We haven't add 1000 MW in 18yrs and have spent X3 the amount Egypt spent.


Nigeria my country. what's even our major problem, I just dont seems to understand

gnykelly:


Actually Egypt contracted Siemens and they built a combined 14,400MW in 27 months at a cost of less than $10bn.

It was said that it can serve 40 million people

14gw is too much for 40m people. 5gw is enough.... Unless they have huge industries.

theenchanter:
14gw is too much for 40m people. 5gw is enough.... Unless they have huge industries.

Yeah their economy is bigger than iurst

theenchanter:
14gw is too much for 40m people. 5gw is enough.... Unless they have huge industries.

Yeah their economy is bigger than ours

Femich18:
This power issue is a serious problem facing our economy to be sincere.


The part that strikes me more is that Egypt has increased the generation by 10000 MW in 18months...
We haven't add 1000 MW in 18yrs and have spent X3 the amount Egypt spent.


Nigeria my country. what's even our major problem, I just dont seems to understand

Though federal government had privatise power sector but it can never and will never attract capital for growth... It was a sham...

If power sector does not receive new investment in two years power supply will get more
Worse than you can ever imagined