Peter Obi fault Grid collapse on deep-rooted governance deficit

2023 Labour Party Presidential Candidate, Peter Obi has said that the disparity in power generation is a reflection of the deep-rooted governance deficit that continue to hold back Nigeria’s growth and potential.

Obi who on his social media platform on Tuesday blamed government on the latest power grid collapse, saying the emblematic of a leadership and government that have consistently failed to prioritize the welfare and economic well-being of the people.

Report has it that nationwide darkness as national power grid collapses twice in 24 hours. First collapsed at 6:18pm on Monday 14th October and again at 9:17am on Tuesday 15th October, 2024.
According to him, “For the umpteenth time, the national grid has collapsed, plunging a huge part of the nation into darkness and exposing the fragility of Nigeria’s power infrastructure.

“This recurring disaster is a national shame and a glaring testament to the failure of leadership and policy implementation at the highest levels.

“How long must Nigerians endure a system that fails to provide one of the critical necessities for a productive society?

“This latest power grid collapse is emblematic of a leadership and government that have consistently failed to prioritize the welfare and economic well-being of the people.
“We all know the immense importance of power supply to the transformation of our economy. Its support to SMEs, which are the engine of job creation and a major contributor to our GDP, is immeasurable.

“Today, we are the fourth largest economy in Africa, having fallen from the number one position due to leadership failure over the years, including the persistent power crisis, which is critical when compared to smaller economies.

“South Africa, which is now the largest economy in Africa with a GDP of about $400 billion and 30% of our population, generates and distributes over 40,000 megawatts of electricity.

“Secondly, Egypt, the second largest economy with a GDP of about $350 billion and half of our population, generates and distributes over 40,000 megawatts.
“Algeria, the third largest economy, with about 300B GDP and 20% of our population, generates and distributes over 50,000 megawatts of electricity.

“Nigeria, with less GDP but with more population than the 3 countries combined, generates and distributes less than 10,000 megawatts, and even that is riddled with frequent collapses and crises of failure.

“This disparity in power generation is a reflection of the deep-rooted governance deficit that continue to hold back our growth and potential.

“It is time for urgent, comprehensive reform. Nigerians deserve a government that prioritizes measurable indices of development”, Peter Obi concluded.