Lack of adequate electricity, hindrance to SMEs development in Nigeria – NSE President

President, Nigerian Society of Engineers, Otis Anyaeji said Lack of access to reliable energy supply in rural areas has been a major challenge that has undermine the economic activities thereby denying Small and Medium Enterprises SMEs access to flourish.

Speaking at a press conference to mark 2016 Engineering Week, the president also noted that African Electricity market is still facing numerous challenges ranging from inability of generating stations, distributing companies (discos) to invest in the system and increase capacities, inadequate metering of consumers and several transmission bottleneck.

The NSE boss decried the poor state of energy generation and called on NERC to strengthen regulation mechanisms.

“Energy generation capacity in Nigeria for example is grossly inadequate at per capita generation rate of approximately 23.6 watts with a municipal solid waste load of about 40, 959 tons per day, projected to reach 101, 307 tons per day by 2025 based on 2012 world bank estimate. Wastes to energy are an area that has a lot of energy mix potential for Nigeria but is yet to be developed”

 

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