Nigeria has topped the list of generator-importing countries for the fourth year in a row, having surpassed others since 2002, Chairman, Benin Electricity Distribution Company Limited (Vigeo Holdings), Mr Gbolade Osibodu, said yesterday.
He said for instance, the country accounted for 35 per cent or $152million of the total $432.2million spent by African countries on generator imports in 2005.
The effect is that nearly all surviving manufacturing companies run private plants, with more production costs being shifted to the consumers.
Speaking during the plenary session at the Nigerian Bar Association (NBA) Annual General Conference in Owerri, with the topic: Nigeria: Any Hope for an Industrial Revolution? Osibodu said development would continue to elude Nigeria until there is regular power supply.
https://thenationonlineng.net/new/nigeria-is-highest-generator-importer-in-africa/
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