Power supply key to economic growth in Nigeria – Igiehon

The Managing Director, Ossiomo Power, Dr. Uwa Igiehon, on Friday, tasked the Federal Government to grant more licenses to private investors in the energy sector to address the power and infrastructure deficit in the country.

Igiehon made the call during a tour of facilities at the Ossiomo Industrial Park located in Ologbo, Ikpoba-Okha Local Government Council Area of Edo State.

The energy expert and investment banker said the incessant grid collapse was because some of the facilities are obsolete and should be replaced with modern-day technology.

He also assured residents that his firm can provide power solutions to several communities without electricity, following their investment in infrastructure and key innovations in Edo State.

He said with the key technologies, which include power generation technologies, power transmission technologies, and power distribution technologies, digital metering technologies, and advanced payment systems and technology, access to affordable power supply is more available than ever to Nigerians on the Ossiomo Power network.

He said the Benin Industrial Park is consistent with the World Bank Metrics, the per capita power and access to power around the Ossiomo network, which, according to him, is around 1,000 KWHr per capita and 100%, respectively, compared to averages of 156 KWHr/capita and 50% national averages.

Igiehon added that the Ossiomo Power plant network now covers over 200km around Benin’s metropolis, with provision of power to MDAs, FG establishment, commercial customers, and communities.

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