EXPOSED: N2.7 Trillion Spent On Power Since Obasanjo’s Government

The Permanent Secretary of the Ministry of Power, Mr. GoodKnows Igali on Tuesday said a total of N2.74tn has been spent on the power sector since 1999.
Share it:


The Permanent Secretary of the Ministry of Power, Mr. GoodKnows Igali on Tuesday said a total of N2.74tn has been spent on the power sector since 1999.

He also said no engineer was employed in the public power sector for 11 years.

Igali said this at the beginning of the Senate probe of the sector.

According to him, the absence of proper investment 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.

Igali said, prior to 1999, “by law, even if you can generate power yourself, you cannot sell to your neighbour.”

Like Diamond Report On  Facebook!

Follow Diamond Report On Twitter!

Advertise Your Products And Services With Us At Affordabe Rates! Click HERE
loading...
Share it:

Politics

Top Stories

Post A Comment:

0 comments:

We’re eager to see your comment. However, Please keep in mind that all comments are moderated according to our Comment Policy and all the links are nofollow. Using keywords in the name field area is forbidden.
Comment Using Either Disqus or Default Comment Mode.