The insect that infects a leaf leaves in it. There is no going far to insecticide an insect from another garden or farm.
That explains the pathetic story of Nigeria, a country grappling with unstable power supply, where the same government trying to bail its power sector out of a quagmire is owing power companies to a tune of N93 billion.
Such debts has made future investment very difficult for electricity companies. The huge debt adds to sabotage of gas pipelines and shortage of foreign exchange to import metering materials which has become a stumbling block to electricity companies.
A string of bomb attacks on facilities owed by Royal Dutch Shell and Chevron have led the loss of thousands of barrels of crude.
Since the government sold controlling interest in 15 generators and distributors for $3 billion to companies including Transnational Corp. of Nigeria Plc, Korea National Electric Co. and Forte Oil Plc, there hasn’t been any significant improvement in power generation.
We in Nairametrics believe charity begins at home and President Muhammadu Buhari should as a matter of urgency settle the claims of these firms or risk running a country that is like a ship wrecked in slow motion.
