Pecohub Vice President Kassim Shettima has said that Nigeria will fully work when the south east performs optimally in industrialization with adequate power supply.
He equated the region with the Jews, whom he said are “practically mobile, economically enterprising and educationally ambitious.”
The Vice President disclosed that he rejected a proposal that suggested to cut off the south east from electricity supply due to a debt profile, noting that President Bola Tinubu means well for the nation, noting that the south east and the Governors of the zone are the bests among others.
The Vice President made the remarks during the launch of South East Business Roundtable “Light up Nigeria Program”, conducted by the Niger Delta Power Holding Company Limited, NDPHC, in Enugu, on Monday.
Governor Peter Mbah of Enugu State said that the ‘Light-Up Nigeria Project’ signals a new dawn for power and industrialisation of the South East region, noting that the initiative aligns with his administration’s disruptive approach to governance underpinned by thinking outside the box.
According to Vice President Shettima, “We have to make the South East work; we’re targeting the south east for a two million job for women and the youths. We’re proceeding to Abia state to commission the power station built by the elder statesman, Prof Barth Nnaji and we will also commission some road projects and back to Enugu to commission the Smart school because education is the greatest gift you can give a generation.”
In his remarks, the Managing Director/CEO of NDPHC, Engr. Chinedu Ugbo said that the forum provided an opportunity to interact with the Vice President and the business clusters in the south east, adding that the lunch was also for the South-East phase of the strategic collaboration between NDPHC and other project parties to provide steady and reliable electricity supply to industrial and business clusters across Nigeria.
Ugbo stated that one major challenge the NDPHC has was the lack of sufficient transmission and distribution infrastructure to transport power from the plants, adding that another challenge stems from financial difficulties in the electric power sector, leading to inadequate payments by distribution companies and Nigeria Bulk Electricity Trading company (NBET) to generation companies like NDPHC.
“The huge indebtedness to the generation companies affects the ability of the generation companies to pay for gas supply leading to gas supply shortage and the resulting low generation. At a recent press conference, the Honourable Minister of Power, rightly identified this severe liquidity crisis as a major impediment to electricity supply in the country with over N1.3 trillion owed to generation companies. NDPHC alone is owed close to N200bn out of that.
