President
Goodluck Jonathan on Friday disclosed that the Federal Government has
invested about $8.26billion in the power sector through the National
Integrated Power Project (NIPP), in the bid to boost the electricity
generation capacity in the country by over 4, 700MGW .
The president, who made this known during the inauguration of the
750MW Olorunsogo II Power Station, Olorunsogo in Ewekoro local
government area of Ogun State, said that out of the amount, about $650
million was committed to the Olorunsogo project.
President Jonathan added that 10 of such projects are currently being
replicated across the country, including the two inaugurated in Kogi
and Ondo states last year.
The Egbin power station will be commissioned later today.
An elated President Jonathan expressed happiness that he has
continued to deliver on his campaign promises, which included the
reformation of the power sector, adding that his administration would
not relent in its determination to improve power supply in the country.
“I am happy that I have consistently delivered on my campaign
promises to transform Nigeria and my administration would leave no stone
unturned to achieve its goals”, he said.
The president, however, hinted that the nation’s quest for stable
electricity supply might not be feasible 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.
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”.
Source: Information Nigeria
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