Stakeholders seek sustainable funding of power sector

By Oluwaseyi Kayode

05 December 2023 | 3:18 am

Relevant stakeholders have sought sustainable funding of the power sector by state governments, distribution companies (DisCos), investors and interested parties.

They made the appeal in Lagos at the 14th yearly Power and Utilities Roundtable, organised by PwC, themed: “The Electricity Act 2023: Powering Nigeria.”

Partner at PwC, Pedro Omontuemhen, who stated that power poverty was a significant challenge in Nigeria, called for wholesale investments.

Also, Partner and Finance Advisory Leader at PwC, Bimbola Banjo, dispelled misconceptions, canvassing renewable energy.

Commissioner for Legal, Licensing and Compliance at Nigerian Electricity Regulatory Commission (NERC), Dafe Akpeneye, advocated collective efforts to attract necessary finances, highlighting the symbiotic relationship between investment and end-use consumers.

Ondo Commissioner for Energy and Mineral Resources, Rasaq Obe, encouraged state governments to actively participate in power projects.

Chief Executive Officer (CEO) of Ikeja Electric Plc, Folake Soetan, after outlining challenges facing DisCos, charged state governments on collaboration against energy theft.

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Stakeholders seek sustainable funding of power sector

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