An Energy Expert, Prof. Yemi Oke, has urged the Federal Government to diversify and decentralise the Electricity Sector and its value chain to unlock its immense prospects.
Oke, a Lecturer of Energy Law, University of Lagos, made the call in an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday.
He said that diversifying and decentralising are some panaceas in addressing the country’s electricity challenges.
“Currently, the country has moved from a centralised regime to having a decentralised system under this government.
“The state now has all the powers to generate, transit, distribute as well as regulate electricity in their respective states,” Oke said.
He stressed that Nigerians should be more innovative and harness the prospects of renewable energy in addressing their electricity needs, adding that this energy form was also cleaner.
The don also said that many companies were beginning to generate electricity through gas, but the impediment was the market.
“Companies cannot place in on the transition infrastructure which is weak, and the government is currently decentralising the process.
“So, if any company is generating independently, they will be reluctant to place it on the grid,” Oke said.
He stressed that the issues associated with the grid was regrettable because it was quite tasking to manage due to the possibilities of dilapidation over time.
“However, the world is moving towards off-grid because the on-grid is challenging and many are exploring mini-grid options in accessing electricity,” Oke said.
SOURCE: nannews.ng
