NIGERIA (Enugu) —The success being recorded in the power sector has been attributed to the political stability in Nigeria since the conduct of 2011 general elections.

This was disclosed by the Chairman of Nigerian Electricity Regulation Commission (NERD), Dr. Sam Amadi, at the Biennial Keyman dinner of Enugu Chamber of Commerce, Industry, Mines and Agriculture, (ECCIMA), held at Nike Lake Hotel.

He noted that the influx of foreign investors in the sector was made possible by the 2011 election which was free, fair and credible.

He said: “Nigeria’s political scene has experienced stability since the 2011 elections said to be most transparent in the history of our elections.

“We have stabilised political environment and that is why insecurity is insignificant to economic growth.  But we can’t say this under unstable polity.“

Speaking further, Dr. Amadi said the new power sector regime is a panacea to stable and quality electricity supply in Nigeria.

He said with the successful handing over of power assets, the nation had entered the second phase which had to be with effective and reflective pricing system.

”The politics of pricing is such that it is difficult asking people to pay for a product that is under supplied. Most Nigerians households and businesses are starved of electricity.