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Osinbajo Reveals Amount Govt Has Invested In Electricity

Osinbajo Reveals Amount Govt Has Invested In Electricity

Nigeria’s Vice-President, Yemi Osinbajo, says the President Muhammadu Buhari administration has invested N900 billion in the power sector since 2015, Naijaparry reports.

The country’s number two citizen said this on Friday when he visited the Asagba of Asaba, Delta state, Prof. Chike Edozien.

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

He said that each of the Distribution Companies (Discos) controls a particular territory and it has been a major challenge the power sector has been facing.

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”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,” he said.

‘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.”

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

According to him, 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.

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He said, “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.”

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