Peter Obi, former governor of Anambra State and 2023 presidential candidate, has voiced his concerns about the recent collapse of Nigeria’s national grid.

In a scathing statement, Obi called the recurring grid failures a “national shame” and a clear sign of failed leadership.

For years, Nigerians have endured a power system that is unreliable, contributing to the slow growth of the economy and the hardships of daily life.

Obi highlighted that Nigeria’s power infrastructure, which produces less than 10,000 megawatts of electricity, pales in comparison to other African nations.

South Africa, which now holds the title of the largest economy on the continent with a GDP of about $400 billion, generates over 40,000 megawatts, despite having just 30% of Nigeria’s population.

Egypt, the second-largest economy with a GDP of about $350 billion, also generates more than 40,000 megawatts.

Even Algeria, with a GDP of $300 billion and only 20% of Nigeria’s population, surpasses Nigeria in electricity generation, producing over 50,000 megawatts.

This wide disparity in power generation, Obi argues, is not just about infrastructure.

It reflects a larger issue of poor governance and lack of vision by Nigeria’s leadership over the years.

He pointed out that the power crisis, among other factors, has caused Nigeria to drop from being the largest economy in Africa to the fourth, a sharp fall from its potential.

Obi’s comments come after yet another collapse of the national grid, plunging large parts of the country into darkness.

It’s a recurring problem that has persisted for decades, one that experts and citizens alike have described as frustrating and debilitating for the economy.

The frequent collapses expose the fragility of Nigeria’s electricity infrastructure and leave millions of small businesses and industries struggling to cope.

Obi mentioned how critical power is to small and medium enterprises (SMEs), which he described as the engine of job creation in Nigeria.

He noted that these SMEs are major contributors to the nation’s GDP, and without reliable electricity, their growth is stunted.

Obi’s message also touched on the broader failures of Nigeria’s leadership. He emphasized that for years, Nigerian governments have failed to prioritize the needs of the people.

The absence of consistent power supply is just one symptom of a governance deficit that affects many areas of development.

Obi stressed the need for urgent reforms, urging Nigerians to demand better governance.

In recent years, the country has faced numerous challenges, including high inflation, an unstable exchange rate, rising insecurity, and declining foreign investment.

The power crisis has only worsened these issues. Critics argue that successive governments, including the current administration led by President Bola Tinubu (Tpain), have not done enough to fix the broken system.

Despite promises and reforms, there has been little progress in improving electricity supply.

As South Africa, Egypt, and Algeria continue to outpace Nigeria in electricity generation, it raises questions about Nigeria’s leadership and policy direction.

Obi urged for a new approach that prioritizes measurable outcomes, such as power generation, education, and healthcare, rather than empty rhetoric.

He called for “urgent, comprehensive reform” to tackle the root causes of the problem and move Nigeria toward sustainable development.

In his closing remarks, Peter Obi expressed his belief that a new Nigeria is possible.

He has consistently championed good governance, transparency, and accountability as the foundation for national growth.

His vision for Nigeria, which he shared during his presidential campaign, remains centered on creating a country where every citizen can access the resources and opportunities needed to thrive.

As the conversation around Nigeria’s power crisis continues, many Nigerians hope for a lasting solution that will end the constant blackouts and put the country back on the path to economic growth.

Obi’s statement echoes the frustrations of millions of Nigerians who want a government that truly works for the people, prioritizes their well-being, and addresses the core issues holding the nation back.

President Joe Biden has shared an update on efforts to restore power and clear debris in communities affected by Hurricane Helene.

According to Biden, “We’re making progress restoring power and removing debris in communities impacted by Hurricane Helene – but there’s still more work to do.”

Currently, 8,500 federal personnel and 1,500 troops are working tirelessly on the ground to support recovery efforts.

Over $507 million in assistance has been provided to survivors, and the president assured that more resources will be sent as needed to speed up recovery.

The Federal Emergency Management Agency (FEMA) is leading the response, coordinating with state and local governments to ensure survivors receive shelter, food, and medical aid.

Alongside FEMA, the National Guard troops are assisting in clearing roads and rebuilding vital infrastructure, especially in the hardest-hit areas.

Hurricane Helene caused widespread devastation across the affected regions, leaving thousands without power and displacing many families.

The administration’s focus remains on restoring normalcy to these communities and providing continuous aid.

The federal government is also working with local utilities to expedite the restoration of power, which is essential for bringing life back to normal.

The Lagos State Government is partnering with the Dubai World Trade Centre to attract global investors to its growing startup ecosystem, worth $9 billion. During meetings in Dubai, Deputy Governor Obafemi Hamzat and Commissioner for Innovation, Science, and Technology, Tunbosun Alake, discussed strategies to draw international investments ahead of GITEX Nigeria 2025, a tech event expected to boost Nigeria’s economy by $25 million.

Alake highlighted that Lagos is home to over 2,000 tech startups, including successful companies like Flutterwave and OPay, with fintech making up about 40% of the industry. He encouraged potential investors to seize opportunities in Lagos, which has a skilled workforce and innovative ideas.

The 2024 Startup Index ranked Lagos 70th globally among top startup cities, making it one of only two African cities in the top 100. Alake expressed optimism about recent growth, supported by new regulations like the Startup Bill, and invited stakeholders to join Lagos’s entrepreneurial journey. LohMirmand emphasized Nigeria’s importance as Africa’s largest AI market and its role in the global tech landscape.