Connect with us

News

VP Osinbajo Reveals Huge Sum Of Money Buhari Has Spent On Power Sector In 2 Years

Published

on

VP Osinbajo Reveals Huge Sum Of Money Buhari Has Spent On Power Sector In 2 Years 3

Vice-President, Yemi Osinbajo has revealed that President Muhammadu Buhari-led administration has spent N1.5 trillion on the power sector in the past two years, even as frequent outage persists across the country.

Osinbajo, who was represented by the Minister of Power, Saleh Mamman stated at the Kainji hydropower plant in Niger State on Tuesday, September 24, 2019.

He stated that the government was putting in place policy reforms that will guarantee access to affordable electricity for Nigerians.

“The federal executive council recently approved the third round of intervention funding for the (power) sector, with a total of about N1.5tn in the last two years.

“However, if the country is to achieve its aim of channelling funding to other critical sectors of the economy, it is pertinent that structural reforms be put in place to enable the power sector to fund itself sustainably.

“These policy reforms must however take into consideration the need for under-privileged Nigerians to gain access to affordable electricity to power their homes and small businesses, as the government seeks to move Nigeria further up the World Bank’s doing business rankings,” he said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

We're Coming For 'Yahoo Boys' Going Spiritual, Doing Money Rituals - EFCC Warns We're Coming For 'Yahoo Boys' Going Spiritual, Doing Money Rituals - EFCC Warns
Metro22 mins ago

EFCC: Lawyer Converts To Own Use N10m Belonging To Client

The Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Tuesday, arraigned one Barrister Utibe Hanson Inem...

CBN Governor, Godwin Emefiele Says Banks Will Still Accept Old Naira Notes After Deadline CBN Governor, Godwin Emefiele Says Banks Will Still Accept Old Naira Notes After Deadline
News1 hour ago

CBN Governor, Godwin Emefiele Says Banks Will Still Accept Old Naira Notes After Deadline

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has revealed that banks will still accept the old...

Attack On Buhari: The Children They Taught How To Hate Have Grown, Graduated With Distinction - Shehu Sani 6 Attack On Buhari: The Children They Taught How To Hate Have Grown, Graduated With Distinction - Shehu Sani 7
News1 hour ago

Attack On Buhari: The Children They Taught How To Hate Have Grown, Graduated With Distinction – Shehu Sani

Former Kaduna Senator, Shehu Sani has reacted to the attack on President Muhammadu Buhari by angry youths who hauled stones...

2023: Police Stops Tinubu's Rally In Niger Over ‘Likely Breach Of Security’ 2023: Police Stops Tinubu's Rally In Niger Over ‘Likely Breach Of Security’
Politics2 hours ago

2023: Police Stops Tinubu’s Rally In Niger Over ‘Likely Breach Of Security’

Niger State Police Command has stopped a rally organized for the presidential candidate of the All Progressives Congress (APC), Bola...

Peter Obi's Campaign Director Defects To PDP Over ‘Lack Of Structure' In Bauchi Peter Obi's Campaign Director Defects To PDP Over ‘Lack Of Structure' In Bauchi
Politics3 hours ago

Peter Obi’s Campaign Director Defects To PDP Over ‘Lack Of Structure’ In Bauchi

Alhassan Bawu, the Bauchi State campaign director of the Labour Party (LP) presidential candidate, Peter Obi, has defected to the...

"I'll never forgive y'all" - Ayra Star Laments As She Recounts Embarassing Moment With Nigerian Passport Officers "I'll never forgive y'all" - Ayra Star Laments As She Recounts Embarassing Moment With Nigerian Passport Officers
Beauty3 hours ago

“I’ll never forgive y’all” – Ayra Starr Laments As She Recounts Embarassing Moment With Nigerian Passport Officers

Fast rising singer and songwriter, Oyinkansola sarah, popularly known as Ayra Starr has recounted her experiences in the hands of...

Lagos State Police Lagos State Police
Metro3 hours ago

Lagos State Police Rescue Thief From Angry Mob After He Stole From National Stadium

The Lagos State Police Command says officers of Surulere division rescued a man from an angry mob after he stole...

How I Went From Being A Helpless Young Boy To Becoming A Superstar - Actor Lateef Adedimeji How I Went From Being A Helpless Young Boy To Becoming A Superstar - Actor Lateef Adedimeji
Entertainment4 hours ago

How I Went From Being A Helpless Young Boy To Becoming A Superstar – Actor Lateef Adedimeji

Nollywood actor, Lateef Adedimeji has taken to social media to share his grass to grace story ahead of his birthday...

IVD Charged With Involuntary Manslaughter Over His Wife Bimbo's Death, Allegedly Remanded In Prison IVD Charged With Involuntary Manslaughter Over His Wife Bimbo's Death, Allegedly Remanded In Prison
Celebrities5 hours ago

IVD Charged With Involuntary Manslaughter Over Bimbo’s Death, Allegedly Remanded In Prison

Celebrity car dealer, Ikechukwu Ogbonna, popularly known as IVD Autos, has been arraigned in court over the death of his wife,...

BBTitans: Big Brother Holds Double Diary Sessions For The First Time BBTitans: Big Brother Holds Double Diary Sessions For The First Time
Entertainment5 hours ago

BBTitans: Big Brother Holds Double Diary Sessions For The First Time

Big Brother Diary Sessions are back, better, and with a twist this time. Fans of the Big Brother reality show...

close