Nigeria can imitate Ecuador in solving power challenges – Envoy

Ecuadorian Ambassador to Nigeria, Leopoldo Rovayo Verdesoto, has advised Nigeria to borrow from his country in terms of how to manage its monopolised.

He said Ecuador was in the past held to ransom by what he described as a “Power Mafia”, who monopolised power production and distribution in the country, but which has now been surmounted by the present Ecuadorian leadership.

Verdesoto pointed out that within a short period, his country was able to construct eight power plants and is moving towards complete self-sufficiency through renewable energies, particularly hydroelectric power.

“If Ecuador, a small country can make it, why not Nigeria?”, he said stressing that the country has huge resources and able manpower to place itself among the leading economies in the world.

Verdesoto particularly noted that states like Kano were blessed with solid minerals which could not be processed locally, for economic development, without constant power supply, pointing out that the fact that expatriate companies export the minerals and process them abroad is not the best for the state and Nigeria at large.