The Niger Delta Power Holding Company (NDPHC) has appealed for direct intervention from the presidency to resolve the ongoing liquidity crisis in Nigeria's power sector. The company emphasized that financial constraints have severely impacted its operations and the overall efficiency of electricity generation and distribution across the nation.
NDPHC highlighted that despite substantial investments in power infrastructure, the sector continues to grapple with challenges such as inadequate funding, tariff shortfalls, and debts owed by distribution companies. These issues have hindered the company's ability to maintain existing facilities and invest in new projects.
The company urged the federal government to implement comprehensive financial reforms and provide necessary support to stabilize the power sector. Such measures are deemed essential to ensure reliable electricity supply, stimulate economic growth, and improve the quality of life for Nigerians.