Nigeria is a country richly endowed with diverse sources of energy which can be used in all spheres of the nation's economy.
However it has been difficult for the nation to maximize these sources of energy for economic growth and development due to some variables.
This forms the basis of today's news analysis written by correspondent on how to maximize Nigeria's sources of energy for optimal economic development.
Since independence in 1960, energy generation and distribution in Nigeria has deteriorated to its present abysmal level.
Past and present administration have made concerted efforts to finding a lasting solution to the epileptic power challenges facing the country but with little or no results.
Many wonder why Nigeria the so called gaint of Africa, still produces bellow capacity, going by its enormous sources of energy.
Whereas other African nations, such as South Africa,Ghana, Egypt, Kenya among others, celebrate years of uninterrupted power supply.
Studies have shown that in a fast growing and modern industrialized world, energy is a major determinate of effective productivity, which also affect all spheres of human endeavors, including health, agriculture, commerce, trade, sports, research, just to mention but a few.
Some schools of thought, have blamed the energy problem in Nigeria, for the challenges facing many industries, small and medium enterprises, leading to pandemic poverty in the country.
The incessant power outage no doubt have resulted in increase crime rates in Nigeria.
Furthermore, the council for renewable energy has disclosed that power outage resulted in an annual lost of about one hundred and twenty six billion naira.
Apart from the huge income lost and high rate of criminality, power cut has also resulted in health hazards due to heat and frequent exposure to carbon emission cause by constant use of electricity generators in different households and business enterprises.
Energy experts have therefore suggested maximum utilization of renewable energy such as sunshine, wind and natural gas among others, which Nigeria has in abundant.
Many countries around the world, have long gone beyond hydro means of generating power into solar, gas turbine, wind mill, for generating electricity for distribution.
It is pertinent to note that while government strive to improve the power situation, the various authorities distributing power in the country should provide Nigerians with prepaid meters to help put an end to estimated billings.
The Nigerian Electricity Regulatory Commission NERC, should live up to its bidding in checking the excesses of the electricity distribution companies, particularly in term of tariffs.
In addition, electricity consumers should endeavor to pay their bills as at when due, rather than conniving with power distribution staff to invade payment.
Unpatriotic Nigerians who steals or vandalize electricity cable and installation especially meters and transformers should repent and turn a new leaf.
Electricity consumers should manage power supply effectively in their homes and industries by switching off electricity supply when not in use.
Only a multi system approach can adequately put an end to the power problem in the country.