Chairman,Presidential Task Force on Power (PTFP), Reynolds Dagogo-Jack, said he has not recorded any disappointment in ongoing power sector reform project of the federal government so far.
He said this was because in designing the reform program, government carefully studied the experiences of other countries and saw no unforeseen risk.
He said however, that the only struggle in the sector currently lies with the level of pro-activeness required from the sector institutions to navigate the reform from the current transition phase to market stability.
He said the biggest challenge in the power sector in Africa was achieving a quick shift in the mind-set of the stakeholders at both policy and consumer levels within and beyond Nigeria.
“This will redefine the sector fundamentals and enable us create sustainable integrated electricity markets across the regional power pool. The persisting idea in many countries that power should be an almost free social responsibility of government must be replaced very fast with a more sustainable mind-set,” he said.
Advising the prospective investors in the sector across Africa, he said because the electricity coverage across Africa was still low investors do not need any complex feasibility studies to see the huge opportunity in the continent.
“Fortunately, most African governments are embracing and implementing impressive sector reforms capable of giving the right incentives for investors.”
