RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economics

Nigeria Needs To Restructure Power Sector – Atiku

Rate Captain by Rate Captain
October 22, 2021
in Economics, Politics
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Nigeria’s former Vice President, Alhaji Atiku Abubakar, on Thursday tasked the Federal Government to tackle the decay in the power sector, arguing that Nigeria can no longer afford to be relegated to the backseat in a technology driven world.

Atiku, who was presidential candidate of the PDP for the 2019 presidential election, also said that Nigeria needed a leader that would develop the country through restructuring and put the country in the positive corner of global economic of nations.

His verdict was also echoed by renowned political economist, Pat Utomi and former Executive Vice Chairman of National Communications Commission, Ernest Ndukwe, PUNCH reported.

They spoke at the 70th birthday lecture and public lecture with the theme, ‘Technology: A missing link in Nigeria’s development’ and presentation of a book in honour of Emeritus Chairman of DAAR Communications Plc, Raymond Dokpesi, in Abuja.

Speakers at the event also expressed sadness that the ignorance of some appointees of the Federal Government technology-wise was costing the country trillions of dollars in foreign investments.

Atiku said Nigeria needed a leadership that understood technology and was willing to reform the economy through digital innovation.

According to him, beyond having a technology enthusiast as President, the country also needed a leader that would unify, restructure and guarantee the security of its citizens.

Atiku, however, said he was the right man that would give the country what it needed to take the lead in the comity of nations.

“Nigeria needs a leadership that can unify the country, bring stability, restructure the country, reform the economy and bring about cohesion to the nation”, he said.

Ndukwe said the world is currently experiencing massive transformations in various sectors which are completely driven by new innovations, stressing that inadequate technology infrastructure was the bane of Nigeria’s development.

In the same vein, Prof. Pat Utomi said it was shameful that most of the challenges in the power sector were caused by personal choices made by political leaders.

He said, “We cannot make progress, as a nation, until we deal with power, because it is so fundamental. But we could have solved the problem 20 years ago.”

Dokpesi, said that Nigeria’s growth and development would be realized only if political leaders could create new economic opportunities, and transform the society.

He also stressed that the issues of insecurity, the infrastructure deficit, internet affordability and access, broadband connection speed, digital literacy, digital and technical skills gap, and gender biases in the technology industry must also be addressed for the nation to advance.

 

 

AlsoRead

N4.66 Trillion Liquidity Surplus Eases Funding Pressure on Banks

House of Representatives Recovers N521.77 Million Unremitted VAT from CBN

FG Debt Repayments Overshoot 2025 Budget Allocation by N1.9 Trillion

 

 

 

News Source: Hallmarknews.com

Previous Post

President Buhari Must Sign a Bill To Eradicate BSC/HND Contrast

Next Post

Federal Ministry Of Work Determined To Create Jobs

Related News

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

N4.66 Trillion Liquidity Surplus Eases Funding Pressure on Banks

by Jide Omodele
September 8, 2026
0

Nigeria’s money market faced less funding pressure last week after excess liquidity in the banking system rose to N4.66 trillion,...

House of Representatives Recovers N521.77 Million Unremitted VAT from CBN

by Victoria Attah
June 8, 2026
0

The Public Accounts Committee of the House of Representatives has recovered N521.77 million in unremitted Value Added Tax (VAT) from...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Debt Repayments Overshoot 2025 Budget Allocation by N1.9 Trillion

by Victoria Attah
June 5, 2026
0

The Federal Government’s debt obligations significantly exceeded its budgeted provisions in the first nine months of 2025, according to data...

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

Nigeria’s Average Petrol Price Rises to N1,288.54 in March 2026, Anambra Pays Highest

by Akpan Edidong
May 6, 2026
0

The average retail price of Premium Motor Spirit (PMS) across Nigeria increased to N1,288.54 per litre in March 2026, according...

Next Post

Federal Ministry Of Work Determined To Create Jobs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb

September 8, 2026
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

N4.66 Trillion Liquidity Surplus Eases Funding Pressure on Banks

September 8, 2026

Popular Story

  • CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

    N4.66 Trillion Liquidity Surplus Eases Funding Pressure on Banks

    0 shares
    Share 0 Tweet 0
  • Nigeria Posts N12.60 Trillion Trade Surplus in Q2 2026 as Exports Outpace Imports

    0 shares
    Share 0 Tweet 0
  • SEC Approves International Breweries’ N588 Billion Rights Issue

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Trade Surplus More Than Doubles to N12.6 Trillion as Exports Climb

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>