If Nigeria's electricity challenge would be fixed; Prof. Nnaji must be instrumental - Soludo

Posted by Factnews | 7 years ago | 2,256 times

Former Governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, said Nigeria’s electricity problem can only be fixed when Prof. Barth Nnaji is involved.

Soludo said this at a public discourse; `The Big Ideas Podium’’. The public discourse, which was themed: “Electricity: Key Ingredient for Nigeria’s Economic Development and Unity’’, orgainsed by African Heritage Institution (Afri-Heritage).

He stated that the public discourse was organised to open people’s consciousness in coming out with big ideas that could move Nigeria forward. Soludo commended Nnaji for his investment in the sector, especially in Geometric Power, Aba; where Nnaji displayed his ingenuity and mastery of robotic engineering to create a difference.

“To develop Nigeria as well as transform the South East, those who knows what to do must step out of their shelves.

 “If the electricity challenge in the country would be fixed; Prof. Nnaji must be instrumental especially as he got a verifiable example with his Geometric Power Project,’’ he said.

Soludo, who is the Chairman of the Board of Directors of Afri-Heritage, said that there was a nexus between electricity and the structure of any country; adding that the manufacturing sector had remained under-productive, accounting for only seven per cent of the national Gross Domestic Product (GDP).

On the theme of the public discourse, he noted that the current urban drift would cause huge population of youths trooping to the urban centres; while it would not be long before they start looking for jobs.

 “It is only the manufacturing sector that could easily provide jobs for such a teeming population at the urban centres. These manufacturing companies need reliable electricity for production and to keep the workers.

“If there is no electricity for the companies and no job; it will not be long you start having all sorts of social problems.

“Criminality, kidnapping, restiveness and social vices will be the order of the day and in the long run a collapsed societal system,’’ he said.

African Heritage Institution (Afri-Heritage), formerly known as African Institute for Applied Economics (AIAE), undertakes economic discourses, conducts economic and political policy research, facilitates policy advocacy, training, networking and consulting services.


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