NAE backs power reforms, warns on infrastructure gaps

The Nigerian Academy of Engineering (NAE) has endorsed the federal government's Presidential Power Sector Financial Reforms Programme. The academy specifically supports the plan to issue specialized bonds. These bonds are intended to clear outstanding gas supply debts and enhance liquidity within the power sector.

However, the NAE also issued a warning regarding significant infrastructure gaps. These deficiencies could potentially impede the successful implementation of the proposed reforms. The academy's statement suggests a cautious approach, acknowledging both the potential benefits of the reforms and the existing challenges.

The government's programme aims to revitalize the power sector by addressing financial bottlenecks and improving operational efficiency. The NAE's backing lends credibility to the initiative, but their caution about infrastructure underscores the need for a comprehensive strategy that tackles both financial and physical limitations.