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Managing Director, Coleman Wires and Cables Industries Limited, Mr. George Onafowokan, has called on the federal government to prioritise homegrown solutions to address Nigeria’s recurrent grid collapses.

Speaking in reaction to the persistent grid failures and the government’s declaration of investment opportunities in the power sector, Onafowokan highlighted the importance of industrialising the sector.

He advocated for the complete deregulation of the power industry, which he noted is already in progress.

There is also a need for industrialisation within the sector. Obsolete wires and cables must be replaced, and all transmission and power project materials should be locally sourced, as the country has more than enough capacity to meet and exceed its needs,” Onafowokan said.

He acknowledged that locally manufactured products might be more expensive due to high production costs but stressed that achieving the right investments hinges on private-sector-driven policies.

https://thenationonlineng.net/fed-govt-urged-to-prioritise-local-solutions-for-power-sector-crisis/amp/