One thing past and present successive governments have promised and woefully failed to give Nigerians is energy security.
The International Energy Agency (IEA) defines energy security as the uninterrupted availability of energy sources at an affordable price.
This isn’t a concept Nigerians are familiar with. Our electricity supply is anything but uninterrupted, and lately, even alternative fuels have either become too expensive (diesel) or too scarce (petrol).
Energy security doesn’t only apply to electricity. It also means access to clean cooking fuels and transportation fuels for mobility. However, we’ll focus on electricity because of how essential stable electricity is to Nigeria’s development.
2022 has shown that developed countries are willing to ignore climate change goals to ensure affordable electricity access for citizens and industries. In Nigeria, energy security seems like rocket science—we just can’t figure it out.
As expected during any election season, presidential candidates have released manifestos outlining their plans to fix key sectors of the economy. Today, we will focus on the APC and PDP promises to resolve Nigeria’s power situation (two of the three most popular political parties for the upcoming elections).
Before we assess these plans, we must break down the sector’s issues to establish that providing reliable electricity in Nigeria is not rocket science.