Skip to main content

Stable power not feasible until 2017, says Jonathan


President Goodluck Jonathan hinted yesterday that the nation’s quest for stable light might not be met by the government until after two or more years .

According to him, the interface between the federal government and the private sector on full privatisation of the energy sector to make steady power supply feasible in the country, would hopefully be completed in two years period.

The president who dropped the hint while inaugurating the 750 Mega Watts Olorunsogo Power Plant Phase II, Papalanto, Ogun State, said that his administration had spent about US$8. 26 Billion in the bid to boost the national electricity generation capacity by over 4, 700MGW.

He said: “to stimulate the micro and medium enterprises, government must invest and must show significant concern for power and that is what we are doing.

“And we promised this country that surely in the next two years, the interface between 100 per cent government control of power sector and 100 per cent control of the private sector will be sealed properly and Nigerians would take power for granted.”

He explained that of the US$8. 26 billion invested or spent on power, US$ 650 million of the amount was committed to the Olorunsogo power plant inaugurated yesterday.

There are 10 of such power projects spread across the nation including the two inaugurated in Kogi and Ondo states in 2014,he said.

Hmmm.... I Have A Dream That Someday In My Life Time, Nigeria Will Enjoy 24/7 Power Supply

Comments

Popular posts from this blog

Season Greetings From The Mandate Health Empowerment Initiative (MHEI)

Merry Christmas and a blissful mentally healthy new year great minds! Please if you are interested in humanitarian, community service Join The Mandate Health Empowerment Initiative Volunteer Team! As we engage Africa in Mental Health Literacy, Psychosocial Support Campaign and Prevent Drugs and Substance Dependency across all sectors! There are more people living with mental illness than people living with HIV AIDS!  Be Involved www.mhfnigeria.org  www.facebook.com/mhf2015 @infomhei just drop a line message of interest. God bless you

NEWSPAPER REVIEW FOR TUESDAY 16TH MAY, 2017.

DAILY TRUST *Budget faces fresh hurdle at N/Assembly *FAAN reactivates Ebola screening points at airports *‘93 Days’ gets highest nominations in 2017 AMAA list *Nollywood movies top 2017 AMAA nomination list *No money is stolen from Paris-London Club refunds – NGF *Osun Assembly clears Aregbesola’s commissioner-designates *Osinbajo meets Transport minister, service chiefs over maritime security *Scrabble: Nigeria will retain position as World’s No. 1 *Armed herdsmen kill 20 farmers in Niger mosque – Police *Equities lose N235bn to profit-taking *Lafarge to raise N140billion additional capital, merges with UNICEM *Osinbajo reviews 2017 budget *Prosecutors ponder CCT’s temporary forfeiture provision *Legality of deploying soldiers for civil duties *Social media as an educational and enlightenment platform *Principles behind ‘no case submission’– Court *UN appoints Ladan member of comtt. on environmental crimes *Yari: I’ve no hotel in Lagos *I prefer Wada to Bello —...

More firepower against ISIS

Not weeks. Not months. Years. That's how long nations entering the fight against ISIS may need to be prepared to spend on the battle, British and U.S. officials say. British Prime Minister David Cameron told Parliament Friday of the likely length of the mission ahead of what turned out to be an overwhelming vote to send UK air power into the fight.