The country's persistent energy sector difficulties have been highlighted by the multiple national electricity system failures that have occurred over the past month, raising concerns about President Bola Tinubu's response. The recent grid failure resulted in a total blackout and had an effect on socioeconomic activity across the country as power supply dropped from a peak of 3,594.6 megawatts to 42.7MW. An embarrassment, Nigeria's power industry. Determining a solution as soon as he took office was consequently something everyone anticipated Tinubu to do. His rescue strategy should be clearly stated, and it should be put into action right away.

The administration has not released a specific blueprint beyond the president's electioneering pledge to "transform" the power industry, which he recently reaffirmed at a ceremony in Abuja, and the power minister's plan to increase output to 20,000 MW by 2026 and 60,000 MW by 2060.

The slowdown is too expensive for Nigeria. According to media sources, the grid interrupted twice within five days this month and again twice inside six hours.

In the eight years to mid-2015, the national grid collapsed 99 times. The country struggles to transmit 4,000MW despite a claimed wheeling capacity of 7,652MW by the state-owned Transmission Company of Nigeria, and almost 13,000MW total generating power. Manufacturers say as costs rise, many firms are forced to lay off workers, or close outright. SMEs are devastated.

Company of Nigeria, and almost 13,000MW total generating power. Manufacturers say as costs rise, many firms are forced to lay off workers, or close outright. SMEs are devastated.

Previous governments failed. Olusegun Obasanjo (1999-2007) provided massive funding to expand generation, transmission, and distribution. Results however did not match expenditure, and massive looting of funds was uncovered.

Previous governments failed. Olusegun Obasanjo (1999-2007) provided massive funding to expand generation, transmission, and distribution. Results however did not match expenditure, and massive looting of funds was uncovered.

Between 2007 and 2010, Umaru Yar'Adua also had plans to work with Siemens of Germany to boost electricity supply to 50,000 MW by 2015. As he was ill and passed away, this goal was unsuccessful.

The liberalizing Electricity Power Sector Reform Act was passed by Goodluck Jonathan between 2010 and 2015, who also created the Electricity Sector Reform Road Map. Unluckily, nepotism tainted the 2013 privatization of the six producing businesses and the 11 distribution companies that had been decoupled from the former state-owned monopoly. The bids were won by local consortiums that were ill-prepared and had no experience in the electricity industry. Global competitors avoided the area.

The sector and the nation have both been doomed to stagnation and widespread poverty as a result of that fatal auction. Since then, the government has attempted direct involvement with N3 trillion of taxpayer money in vain. This undermines the goal of asset sales, which was to relieve the government of such expenses. Additionally unmet are the goals of drawing foreign direct investment, generating tens of thousands of employment, and promoting economic expansion.

The Nigeria-Siemens plan of Muhammadu Buhari (2015–2023) to supply 25,000MW, train 5,000 engineers, and improve transmission and distribution failed.

Tinubu ought to be distinct. Nigeria experiences annual economic losses of $28 billion, according to the World Bank. According to the African Development Bank, Nigeria will need to invest $1 trillion between 2016 and 2030 to close the power deficit.

To reinvigorate and put into action existing initiatives and an alternative road map, he must mobilize technical, monetary, and international competence.

With the intention of increasing FDI and technical proficiency, the 2013 privatization should be reviewed. The government ought to give up its own ownership interests in the GenCos and DisCos and urge its present dominant shareholders to follow suit.

It ought to allow a respectable multinational to acquire the bulk of TransyCo's shares through open, competitive bidding. It should invite bids for more national networks and advance the most recent changes that support regional, state-wide, mini, and microgrids. The governments of each state should compete, much like in other federations, to entice domestic and international investors to establish enterprises and structures for generating, transmitting, and distributing energy.

Nigerians anxiously anticipate Tinubu's plan and particularly its successful execution.

Don't expect APC/BAT to bring any improvement to power sector, wrong person was chosen as the minister. We need Wike in power sector not Adelabu with potbelly