The Nigerian Association for Energy Economics (NAEE) has highlighted the inadequate power generation and distribution in Nigeria, stating that the current 4,000 megawatts (MW) of electricity generated daily is one of the lowest in the world.

According to Prof. Yinka Omorogbe, the President of NAEE, the power situation in Nigeria is even worse now than in the past. Speaking ahead of the 16th NAEE/IAEE Annual International Conference, Omorogbe emphasized the need for a holistic approach to power supply and called for improved grid systems, mini-grids, and standalone renewable solutions to address the frequent blackouts experienced in the country.

The NAEE/IAEE Annual International Conference, with the theme “Energy Evolution, Transition and Reform: Prospects for African Economies,” aims to address the energy challenges facing African economies. The conference will be chaired by Mr. Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and opened by Prof. Jean-Michel Glachant, the President of the International Association for Energy Economics (IAEE). Distinguished speakers, including Dr. Omar Ibrahim of the African Petroleum Producers Organisation (APPO) and Dr. Bello Gusau of the Petroleum Technology Development Fund (PTDF), will contribute to the event.

Power as an Elite Product:
Omorogbe expressed concern that Nigeria treats electricity as an elite product rather than a necessity for all citizens and industries. She emphasized that access to electricity should be universal, unlike the current situation where many rely on generators. Omorogbe cited examples from other countries where generators are provided in case of power outages, ensuring uninterrupted supply. She stressed the urgent need for Nigeria to improve its power infrastructure, implement mini-grids, and promote renewable energy solutions to address the insufficient electricity supply.

The NAEE president highlighted the detrimental impact of insufficient power generation on industrial growth in Nigeria. She pointed out that industries in the country heavily rely on generators, hindering their productivity. Omorogbe emphasized that the current power output of 4,000 MW is insufficient even for Lagos, let alone the entire country. She criticized the target of reaching 20,000 MW in the future, stating that Nigeria requires multiple times more electricity to meet the needs of its industries.

Omorogbe commented on the recent removal of fuel subsidies, stating that it was the right decision but emphasized the need to mitigate its impact on Nigerian citizens. She acknowledged that the subsidy system had been plagued by fraud and emphasized the importance of Nigeria being a supplier to the region without incurring excessive costs. While acknowledging the positive step taken, Omorogbe highlighted the necessity of implementing measures to ease the burden on Nigerians affected by the subsidy removal