Appeal to President Tinubu: It’s Time to Recapitalize and Nationalize the Electricity Sector
Osita Okechukwu, a founding member of the All Progressives Congress (APC), is urging President Bola Tinubu to take immediate action by recapitalizing and nationalizing the electricity sector. This move is crucial for the economic growth and industrial development of our nation.
In light of the failures of privatization leading to higher energy costs, job losses, and factory closures, Okechukwu emphasizes the necessity of restructuring the energy sector through public ownership, aligning with the promises of change made by the APC.
Quoting Albert Einstein, Okechukwu highlights the folly of continuing to invest public funds in profit-driven oligopolies with hopes of improved electricity output, asserting that a transformative approach is imperative.
Comparing Nigeria's economic sit...