Accord Party (AP) presidential candidate, Professor Christopher Imumolen has lamented the state of electricity in Nigeria.

The youngest flagbearer in the 2023 race for presidency also proffered modules for the development of power during a media chat.

Imumolen wants the sector opened to local and international players, stressing that its current status is worrisome.

He insists more investors are needed in the generation, transmission and distribution segments, and charged the Nigerian Electricity Regulation Commission (NERC) to enforce policies.

The AP candidate said it was unfortunate that the government has only been able to cover 50% of the nation in terms of power supply since independence.

Condemning the low generation capacity which hovers around 6,000 megawatts despite the investment of billions of naira by successive administrations, he wondered how the $5billion generated annually was spent.

Imumolen decried the spate of corruption in Nigeria’s power sector, noting that to escape low electricity supply to homes and industries, corruption must be eradicated.

The candidate said energy generation, transmission and distribution must be entrusted in the hands of professionals who know the business, not political acolytes.

“For a remarkable impact and success to be recorded in the power sector, it must be handled with sincerity being a vital sector tightly hinged to national development.

“With adequate power supply, a palpable economic vibrancy will be injected into the economy and large, small and medium enterprises will boom”, he stressed.

Imumolen further emphasized the urgent need for a more friendly investment atmosphere in the power sector.

“Nigeria’s inability to provide adequate electricity for its citizens since 1960 is disgraceful. We can only attain overall productivity, prosperity and development when all sectors thrive”, he added.

Stiff regulation caused Nigeria’s dysfunctional power sector – Accord presidential candidate, Imumolen