President Muhammadu Buhari while speaking at the National Economic Council retreat on the economy held at the State House Conference Centre, Presidential Villa, Abuja, Monday, March 21, 2016, has promised that his administration will fix Nigeria’s power problem in three years.
“Nigerians’ favourite talking point and butt of jokes is the power situation in our country. But, ladies and gentlemen, it is no longer a laughing matter. We must and by the grace of God we will put things right,” Buhari said. He also admitted that the privatisation of the power sector has not changed anything in terms of performance.
He said his government would end power shortages which has become a monster of sort, as previous administrations have been unable to successfully surmount it.
According to PMB, some of the problems of the sector includes, constant power cuts destroying economic activity and affecting quality of life; high electricity bills despite power cuts and low supply of gas to power plants due to vandalization by terrorists.
Others are obsolete power distribution equipment such as transformers; power fluctuations, which damage manufacturing equipment and household appliances and low voltage which cannot run an industrial machine.
Buhari also highlighted solutions to the problems – he said the government will fast-track completion of pipelines from gas points to power stations and provide more security to protect gas and oil pipelines; adding that the power companies will be encouraged to replace obsolete equipment and improve the quality of service and technicians.
He however charged the National Electricity Regulatory Commission (NERC) to ensure consumers get value for money and overall public interest is safeguarded.
Three years ba? The countdown has begun…tick-tock…tick-tock…
What this means basically is that Nigeriana will have another reason to vote PMB for second term. Nice move, just sha get the job doneZ
I pray oooooo