$5bn spent on generators annually unacceptable ―Dogara

Former Speaker of the House of Representatives, Hon Yakubu Dogara

Speaker of the House of Representatives, Hon Yakubu Dogara, has said it is unacceptable that Nigerians spend 5 billion dollars on generators annually, saying the House of Representatives will support the Executive to find a permanent solution to the power problem in Nigeria.

Dogara spoke during public hearing organised by House committee on power on three bills; “A Bill for an Act to provide for the utilisation, sustainability and adequate supply of renewable energy for electricity and heat generation and for other related matters.

” A Bill for an act to amend the National Electricity Regulatory Commission metre reading, billing and cash collection and credit management for electricity supplies and regulations to address matters relating to outstanding liability of electric bills in rented apartments.

“A Bill for an Act to amend the Electric Power Sector Reform Act to reposition the Nigerian Electricity Regulatory Commission for effective service delivery and for related matters”.

He also explained that the House is reviewing some of Nigeria’s energy laws in order to provide an appropriate legal framework that will facilitate the exploitation of renewable energy to the benefit the Nigerian economy.

According to him, “Power is arguably the single most important driver of the national economy. Indeed, it is difficult if not impossible to imagine modern life without power. Our industries and factories need electricity to run; and so do our offices, homes and businesses.

“It is estimated that Nigerians spend about $5 billion US Dollars yearly to fuel their generators. This is an unacceptable situation and the House of Representatives stands ready to support the Executive arm of government to put a stop to this state of affairs.

“Renewable energy is a source of clean energy which is environmentally friendly and is crucial to the economy of the future. We can only be self-sufficient in the energy field when we combine all of our energy resources such as wind, solar, hydro, biomass, bio-fuel, landfill, sewage gas, solid waste, geothermal energy, ocean energy etc. Renewable energy sources are natural and often replenish itself. Nigeria needs to invest more in renewable energy as fossil fuel is a diminishing asset.

“An appropriate legal framework to exploit renewable energy which is nature’s gift to mankind is not adequate in Nigeria. This makes it difficult to organise the sector in a commercially viable matter. Herein lies the merit and strength of this Bill under consideration,” the Speaker said.