Politically speaking, the Honorable Minister of Power, Mr. Adebayo
Adelabu, reeled out the gains of his recent trip to Germany as a member of the
entourage of Mr. President, Bola Ahmed Tinubu and they are laudable and
promising for the power sector if religiously executed.
Owing to the fact that there exist a huge energy gap in Nigeria
with the citizens not enjoying stable power supply, the outlined benefits are
merely promissory and cannot assuage the desperation of Nigerians who are
yearning for improved performance in the power sector. It cannot be
over-emphasized that energy self-sufficiency is necessary if a nation must
progress on the path of growth and development and improve the quality of life
of the people.
According to the honorable Minister in his X (formerly Twitter)
handle, he disclosed five take-aways of the trip to include acceleration of the
Presidential Power Initiative (PPI) to fulfil the President’s vision for
reliable electricity in Nigeria; that Nigeria is open for business, explaining
that there are good opportunities to invest in the sector particularly in the
manufacturing of electrical equipment such as transformers, substations, power
lines/cables, solar panels and batteries; targeting the increase use of
renewable energy in our energy mix in recognition of the effect of climate
change; $500 million MOU between Union Bank and DWS Group to harness $500
investment in renewable energy projects across Nigeria with focus on rural
inclusion; and in order to take advantage of Germany’s robust technical
education system, Nigeria will actively engage in fostering talent exchange,
focusing on structured skill development and facilitating the transfer of
technology for Nigerian youths.
At this juncture of our national life, the execution of the above
intentions should be expedited to turn-around the current poor status of the
power sector.
Germany is no stranger in the power sector in Nigeria as her
company, Siemens, has been deeply involved in the sector in the past. It is on
record that Siemens built 330kV sub-stations in Ikeja-West (Lagos), Ayede (Ibadan),
Kumbotso (Kano) amongst other projects, so it is long overdue that the company
ought to have located a manufacturing plant in Nigeria to produce some of the
equipment used in the sector and for knowledge transfer as well as employment
generation.
Also, the Nigerian government should explore the possibilities for
Siemens to resuscitate our Siemens-SCADA equipment at the National Control
Centre in order to expand its current limited coverage.
As a leading nation in renewable energy, Germany will be a
veritable partner in Nigeria’s bid to expand and diversify her energy mix. This
is reasonably achievable because Nigeria has abundant raw materials for
renewable energy like solar, wind, plant materials (biomass), hydro, and
geothermal sources. In addition, Nigeria is endowed with Lithium, which is a
significant raw material in the manufacture of batteries.
Nigerians applaud the above take-aways and are eagerly looking forward to the fulfilment of agreements reached and MOUs’ signed for the benefit and improvement of the power sector.
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