Thursday , December 8 2022
Breaking News
Home / News / N2.7tr Spent On Power Since Obasanjo’s Govt – Ministry

N2.7tr Spent On Power Since Obasanjo’s Govt – Ministry

IgaliAmbassador GoodKnows Igali, Permanent Secretary, Ministry of Power on Tuesday told National Assembly lawmakers that N2.74 trillion has been spent on the power sector since 1999.

Moreover, no engineer was employed in the public power sector for 11 years.

Igali made these known at the beginning of the Senate probe of the sector.

According to him, the absence of proper investments in the sector prior to 1999 as well as acts of sabotage were largely responsible for the problems bedeviling the sector.

He explained that from the 1900s, when power first came to Lagos, power generation and distribution remained in the hands of government until the sector was unbundled in 1999.

In his words, prior to 1999, “By law, even if you can generate power yourself, you cannot sell it to your neighbour.”



Check Also

The New CBN Policy and the Talibanisation of the Political Economy

By Adewale Adeoye       The Central Bank of Nigeria (CBN) says you can’t …

Deepening Intercultural Dialogue and Integration for Global Peace

By Toyin Falola The world is made up of differences and similarities in culture and …

Social Media Auto Publish Powered By :