The Chairman of the Presidential Task Force on Power (PTFP) Mr Beks Dagogo-Jack has said that the power sector roadmap review exercise was a fundamental technical requirement any reform driving agency must embark on especially towards the final stages of the reform process.
He restated that the 2010 version remained the anchor upon which achievement so far in the reform has rested, adding that a reform roadmap was more of a sector development strategy and project delivery tool structured as a rolling plan rather than a mere political or campaign document that can be tinkered with.
Making the clarifications at the fifth Board meeting of the PTFP, Dagogo-Jack, explained that it was imperative for the key outstanding targets in the roadmap to be current and better aligned with emerging realities as the stage was set for the transition of the electricity industry to full market mode.
"In the revision process, achieved milestones are rolled off, slipped milestones are reset, and even brand new milestones not previously captured are rolled on," he added.
The eventual outcome of this revision would produce new validated parameters to serve as a current guiding tool for the industry and market such that even would-be investors can rely on the current data captured in the revised Roadmap as primary data," he explained.
He added that the proposed Roadmap 2.0 will retain all the benchmarks of the original one while also addressing issues of fuel diversity, impact of technology on renewables pricing and developing long-term financing models for transmission investments.
Dagogo-Jack maintained that Nigeria has the biggest power sector reform exercise in Africa and ranks amongst the top five in the world in terms of the size of the market and process complexity, even as he called on Nigerians to support efforts to fight the "entrenched interests which work at several layers to frustrate the reform."
He further noted that the road to power adequacy in Nigeria has been a tortuous journey, given the history of past failures and obstacles that continues to exist in the sector, which he said cannot be fully resolved in just two years, adding however, that the challenge was not an insurmountable one.