NASS Queries N2.7trn Power Sector Expenditure

The National Assembly (NASS)’yesterday queried the utilisation of N2.74 trillion invested in the nation’s power sector from 1999-2015, saying the sector depreciated increasingly, despite the huge investment.

Senate President, Bukola Saraki and Speaker of the House of Representatives, Yakubu Dogara lamented that the power sector in spite of the enormous resources committed to it within the last 14 years has remained in a perilous state, delivering very disappointing results.

The National Assembly has however expressed readiness to support every drive towards increasing capacity of the nation’s power sector.

Saraki while giving the opening remarks at a two-day stakeholdersinteractive dialogue/workshop on the Nigerian power sector, said the legislature would continue to craft the right legislative instruments that will help deliver a new and more reliable power sector for the economy.

Leadership, February 8, 2017

RipplesNigeria ….without borders, without fears

Click here to download the Ripples Nigeria App for latest updates

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now