The Economic State Of The Power Sector In Nigeria. (Dtube Version)
Power is an important sector in Nigeria because without it so many other sectors might not work really. Nigeria supplies power to neighboring nations in huge multi billion naira deals and yet the system of supply to her citizenry is way worse, inefficient and rather expensive.
In this video I talk about how people are debt slaves to the federal government because of how they accrue expensive power rate on a monthly basis without being able to pay.
The power sector has obviously been privatised but then the ministry of power still decides what happens in the power industry.
I talk about how the average Nigeria power consumer is always at the recieving end of things like price hike due to maintainance. I also address the issue of the corrupt system in the power sector. With frequent and cheap rate of power supplies so many sectors will thrive. Oil and power are two things that decides the GNP of most of Nigerian citizens and how this sectors are being mismanaged and illy handled is part of the huge reasons why Nigeria is in economic shambles. In this video, I talk about it all.