BY Ogbuotobo Chuks

Did you know that Nigeria is the largest importer of gnerators in the world? Do you also know that inspite of this, there is no indigineous company that manufactures generators in Nigeria?

Record has it that an estimated N1.3 trillion may have been spent by Nigerians on the purchase of electricity generators over the last few years in an effort to respond to the declining power supply in the country.

The electricity generators which are on sale in various sizes are mainly imported from Japan, China, South Korea, Dubai, Britain and Taiwan from where market reports indicate some rising demand. This is aside from the quantity smuggled into the country.

Record also has it that no less than 110 million generating sets of different kinds and sizes in the country as all firms and residential apartments operate with generators, some part of the time, a few all of the time.  This figure and cost may triple in the next one year as the life span of most of the generators is very low, coupled with the fact that there are no easy access to genuine parts for their servicing and maintenance. In Lagos, the country’s economic nerve centre, every skyscraper has several standby generators.

The power sector reform has achieved little in terms of changing the public power outlook and solving the problems believed to be contrived. Government piqued by over N350 billion investments in the power sector which has yielded little effort now plans to source an additional power generation capacity of 3,500MW from the development of 277 potential sites of small hydro-power plants located around the country.

Lets keep our fingers crossed and see what happens as events continues to unfold.

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