The power sector is clearly a puzzle to all of us, with numerous facets yet to be unraveled. Most Nigerians expend money that would have been channeled to other avenues to generating energy. Ironically, the citizens combined together generate more power than the federal government. The citizens self-generate 65GW while publicly available to the federation is 7GW of which 4.5GW is been traded every day. Overbearing and outdated government policies, unbalanced energy value chain, low tariffs and high volume bypass which is electricity theft has all contributed to a dysfunctional power sector, hence the industry is technically insolvent. Eyo is a lawyer (UNiCal 1987), he also has Certificates in business management, utilities regulation, strategic management of regulatory/enforcement agencies and international gas business and LNG management and degrees in Laws and War Studies from universities in Nigeria, Great Britain and the United States. He joined the Bureau of Public Enterprises (BPE), 2001, where he was Team Leader, Power Sector Reform Team (PSRT). He led the PSRT in designing and starting the implementation of the electric power sector reform programme.
Eyo has served as Attorney-General/Commissioner for Justice and later as Special Adviser, Special Projects, Cross River State (August 2003 – May 2010). He was also Team Leader, Regulatory and Transactions Team, Presidential Task Force on Power (June – December 2010) before he became Commissioner, Market Competition and Rates, Nigerian Electricity Regulatory Commission (NERC), December 2010 – March 2015. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at [ Ссылка ]
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