Politics

‘FG spent N2.74tn on power generation since 1999’

Stunning revelations are coming out over the running of the power sector since 1999, which has left it prostrate and unable to meet the demands of Nigerians.

The Senate started probing the sector on Tuesday and among the revelations so far is that a whopping N2.740trn was invested on power generation from 1999 to date.

The investments were said to have been made during the administrations of Chief Olusegun Obasanjo; late President Umaru Yar’Adua and the immediate past president, Goodluck Jonathan.

Besides, it was also revealed that for nineteen good years before 1999, a single engineer was not employed for the power sector just as no new power plant was constructed from 1991 to 1999.

These revelations were made by the Permanent Secretary of the Ministry of Power, Ambassador Godknows Igali, and the Managing Director of the Niger Delta Power Holding Company, James Olotu.

The Senate was also regaled with some of the policy somersaults that took place in the sector including the fact that Nigeria has been inconsistent in its investment since 1999.

The Ad hoc Committee is headed by Senator Abubakar Kyari, and it is saddled with the responsibility of unraveling the mismanagement that took place in the power sector from 199 to date.

Nigerians have been groaning over epileptic power supply despite the huge amount of money said to have been committed into it for years.

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