FIFTY years after political independence, Nigeria is still regrettably bereft of basic infrastructure necessary for accelerated economic progress promised by the founding fathers.
On the day of independence, in 1960, the government promised to create conducive atmosphere for economic development but 50 years on, the nation’s landscapes is still dotted with poor network of roads just as Nigerians have yet to enjoy such basic infrastructure like electricity.
On account of this, in the last 50 years, Nigerians and business organisations operating in the country spend increasing amounts of money on alternative sources of energy and replacing vehicle parts that wear out faster because of poorly maintained roads.
Fifty years after independence, the country has not been able to produce 6,000 megawatts of electricity the successive governments have promised the citizens. Africa’s most populous nation with 150 million people, produces 3,100 megawatts of electricity. The government promised to produce 6,000 megawatts by the end of 2009 and 20,000 megawatts by the end of 2011. This has yet to be fulfilled as Nigerians groan under the yoke of poor infrastructure.
Despite the N797 billion spent yearly on power, roads and bridges to improve the business environment , about 40 to 60 percent of the companies are unproductive.
On the day of independence, in 1960, the government promised to create conducive atmosphere for economic development but 50 years on, the nation’s landscapes is still dotted with poor network of roads just as Nigerians have yet to enjoy such basic infrastructure like electricity.
On account of this, in the last 50 years, Nigerians and business organisations operating in the country spend increasing amounts of money on alternative sources of energy and replacing vehicle parts that wear out faster because of poorly maintained roads.
Fifty years after independence, the country has not been able to produce 6,000 megawatts of electricity the successive governments have promised the citizens. Africa’s most populous nation with 150 million people, produces 3,100 megawatts of electricity. The government promised to produce 6,000 megawatts by the end of 2009 and 20,000 megawatts by the end of 2011. This has yet to be fulfilled as Nigerians groan under the yoke of poor infrastructure.
Despite the N797 billion spent yearly on power, roads and bridges to improve the business environment , about 40 to 60 percent of the companies are unproductive.
