Osinbajo: Buhari Administration Has Invested N900bn on Power So Far

Vice President Yemi Osinbajo says the present administration has
invested N900 billion in the power sector since its assumption of
office in 2015.

Osinbajo stated this when he paid a courtesy visit on the Asagba
of Asaba, Prof. Chike Edozien on Friday in Asaba.

”Since assumption of office, we have invested so far in terms of
support N700 billion in the power sector. Earlier, we invested N200
billion.

The vice president said further that the Federal Government was
in the process of investing another N600 billion in the sector.

On futher steps to improve power supply in the country, the vice
president said that the federal government had decided to take a
second look at the power sector.

According to him, one of the reasons why there are challenges in
the power sector is that each of the Distribution Companies
(Discos) controls a particular territory.

”And now we are saying that any company that wants to provide
power to any territory, should be able to provide power for the
territory and the people.

‘We have been able to break the existing monopoly in the power
sector. Whether upgrade or not, the discos should be able to serve
the people.

”Another strategy we are trying to introduce is to open up the
power sector by restructuring,” he said.

On the second Niger Bridge, Osinbajo said that the project was
very important to the Federal Government.

According to him, President Muhammadu Buhari did not only
negotiate for the equipment being used for the construction of the
bridge, but is also paying special attention to the project.

“I was here six weeks ago to look at the progress of the work
there and I must say that the project is going on well.

“I hope that very soon we should be completing not just the
bridge, but also all surrounding infrastructure both here in Asaba
and the other end of the bridge,” he added.

Earlier, in his address of welcome, the Asagba of Asaba noted
that poor power supply had been a major challenge in the Delta
capital and appealed to the federal government to intervene in the
situation.

He also appealed to government to compensate the people of Asaba
on the 1967 massacre which claimed many lives, by establishing a
federal university in the town.

According to him, Asaba is the only state capital in Nigeria
without a federal university. (NAN)

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