Victoria Mgbanwa
As Nigeria continues to grapple with persistent grid collapses and power sector inefficiencies, industry stakeholders are calling for urgent private-sector-driven reforms to ensure sustainable solutions.
The Managing Director of Coleman Wires and Cables Industries Limited, Mr. George Onafowokan, emphasized the need for industrialization in the sector, stressing that local manufacturing and deregulation are critical to achieving long-term stability.
He noted that while locally produced materials such as wires and cables may be costlier due to high production expenses, prioritizing them would strengthen the economy and reduce reliance on imports.
He stated, “There is a need for industrialization within the sector. Obsolete wires and cables must be replaced, and all transmission and power project materials should be locally sourced, as the country has more than enough capacity to meet and exceed its needs.”
He acknowledged that power sector challenges have persisted for decades and that the current administration inherited a fragile system. However, he warned that without a clear roadmap for investment and private-sector participation, the country risks stagnation.
“These challenges have persisted for years, and I sympathize with this government because they inherited these problems. Solving electricity issues is not an overnight task. When we returned to democracy, we started well, but after eight years, we became complacent.” He added.
