Nigeria can’t solve power crisis without private sector — Obasanjo

Former Nigerian President Olusegun Obasanjo has asserted that Nigeria will not overcome its ongoing electricity crisis unless the private sector assumes a more significant role in the energy sector. Obasanjo emphasized that government efforts alone have been insufficient in resolving the issue. During the Youth Governance Dialogue held in Abeokuta, Ogun State, Obasanjo highlighted that government involvement in the power sector has not yielded the desired results.

He argued that transferring responsibility to private operators, a strategy that proved successful in transforming the telecommunications industry, is essential to tackling the power crisis. Obasanjo stressed that energy is a crucial catalyst for economic growth and national development, lamenting Nigeria's limited progress in addressing its power challenges.

However, he expressed optimism that young Nigerians with innovative business and technological ideas can contribute to resolving the crisis. He urged these young individuals to acquire the necessary knowledge and competence to engage meaningfully with government institutions.