Peter Obi emphasizes the need for a well-functioning grid to boost the economy

The Labour Party’s Presidential Candidate for the 2023 general election, Peter Obi, has raised serious concerns regarding the ongoing power crisis in the country, highlighting the alarming rate of national grid collapses which have occurred 141 times over the span of 11 years, emphasizing the urgent need for practical solutions to address this issue.

Obi pointed out that Nigeria’s current power generation capacity stands at a mere 13,000 megawatts, falling significantly short of the demand which hovers around 200,000 megawatts, resulting in a severe deficit in meeting the energy needs of the population.

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Furthermore, he highlighted that out of the 13,000 megawatts generated, only approximately 3,500 megawatts are accessible for residential and commercial use, underscoring the fact that Nigeria ranks the lowest globally in terms of per capita electricity consumption, a situation that requires immediate attention and resolution to propel the nation towards sustainable development and economic growth.