The Nigerian Power Generation Corporation (GenCos) stated that Nigeria can generate 30,000 megawatts, meeting the target set earlier by the federal government. As the most populous country in Africa, Nigeria’s demand for electricity is increasing day by day. However, due to the lack of power grids and other related power infrastructure in the country, and the limited financial allocations available for upgrades, it has been difficult to break through the power supply bottleneck. However, without a pragmatic framework, predictions may remain elusive, and this must be implemented in business and politics. Seven years after the power sector was privatized, the average power generation has been frustrating, hovering around 3,500WM, although the available capacity as of 2020 is about 8,000WM.

Nigeria is the most densely populated country in Africa. The entire population of Africa is 1.2 billion. More than 50 African countries have established free trade agreements in Africa. As a result, Africa has become a large population with 1.2 billion people. There are 1.4 billion people in China, and the two sides can build a very good cooperative relationship. For example, wind energy and solar energy have abundant resources in Nigeria, and Nigeria has sufficient raw material suppliers.

Ogaji also pointed out the need for independent classification of customer groups, measurement customers, and customers, as well as the collection of efficiency details, tariff performance, verification, and independent evaluation of market performance. The two companies also called for an urgent review of the Electricity Sector Reform Act (EPSRA), multi-year tariff orders, Nigerian Electricity Regulatory Commission (NERC) orders, and Nigeria’s policies, market rules and other governance documents. Power supply industry. Ojagi added that viable and independent stress testing of power generation, distribution and transmission capabilities is also needed to achieve the active planning and construction of the department. They also called for the immediate separation and unbundling of independent system operators (ISO) and transmissions, as well as empirical methods to prove claims.

Ogaji also called for the transformation of institutions and the infusion of fresh and energetic business acumen and progressive business acumen to be able to interact and influence them with projects and service providers including utility companies. According to her, this will improve their ability to coordinate and promote activities related to the expansion of reform goals and objectives, as well as their ability to cooperate with multiple government agencies and other agencies.

"Seven years after privatization, the sector must realign its existing structure and establish private sector partnerships. Although the market is mainly driven by the private sector, the power generation sector has 100% ownership and distribution assets have 60% ownership, but before the reform The existing institutions remain unchanged.” “Feasible and independent stress testing of power generation, distribution and transmission capabilities enables us to proactively plan and build the industry. Ensure the transparency of billing, collection and remittance, and make feasible To improve the efficiency of payment collection. Open up the market to build confidence and ensure the viability and credibility of the power sector,” Ogaji said. Editor/Xu Shengpeng