President Goodluck Jonathan has hinted that government cannot guarantee stable electricity supply in Nigeria at the moment.
According to him, the federal government and the private sector need time to fully interface the full privatisation of the energy sector to make steady power supply feasible in the country.
The president, according to The Nation, made this known while inaugurating the 750 Mega Watts Olorunsogo Power Plant Phase II, Papalanto, Ogun State.
He also noted that it might take about two years before stable electricity could become feasible. Adding that his administration had spent about US$8. 26 Billion in the bid to boost the national electricity generation capacity by over 4, 700MGW.
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.”
He explained that of the US$8. 26 billion invested or spent on power, US$ 650 million of the amount was committed to the Olorunsogo power plant inaugurated yesterday.
According to him, the federal government and the private sector need time to fully interface the full privatisation of the energy sector to make steady power supply feasible in the country.
The president, according to The Nation, made this known while inaugurating the 750 Mega Watts Olorunsogo Power Plant Phase II, Papalanto, Ogun State.
He also noted that it might take about two years before stable electricity could become feasible. Adding that his administration had spent about US$8. 26 Billion in the bid to boost the national electricity generation capacity by over 4, 700MGW.
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.”
He explained that of the US$8. 26 billion invested or spent on power, US$ 650 million of the amount was committed to the Olorunsogo power plant inaugurated yesterday.
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