Posted 3/8/2024, 6:10:26 PM
Elumelu Urges Sale of Transmission Lines to Boost Electricity, Economy
- Tony Elumelu said the federal government should sell transmission lines to improve electricity and boost the economy
- He associated Nigeria's low production levels with poor energy supply
- Elumelu urged President Tinubu to attract investors to develop the nation’s large gas reserves for power stations
- Most Nigerians rely on generators due to only a third of electricity generated reaching the grid
- Elumelu stated the electricity industry's growth is hampered by lack of liquidity and inadequate transmission lines
