Showing posts with label power distribution companies (DisCos). Show all posts
Showing posts with label power distribution companies (DisCos). Show all posts

Wednesday, November 10, 2021

Nigeria: Oil Rich, Energy Poor

 By Jerry Uwah

A CNN report last week derisively tagged Nigeria as a country that is oil rich but energy poor. The global television news network was referring to Nigeria’s abysmal electric power supply situation. It lamented that even the oil wealth might be hampered by a recent decision of the leading world powers which rose from a gathering on climate change in Glasgow, Scotland in the United Kingdom of Great Britain with a firm resolve to drastically curtail investment in fossil fuel exploration and exploitation in a desperate bid to halt the millions of tons of carbon dioxide spewed into the air from the burning of fossil fuel.

Nigeria has a notoriety for abysmal electricity supply in the whole world. The World Bank recently celebrated Nigeria’s deplorable electricity supply situation by declaring it the country with the highest number of people without access to electricity.