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We have invested N900bn in power since we assumed office – Osinbajo

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Vice President Yemi Osinbajo says the present administration has invested N900 billion in the power sector since its assumption of office in 2015.

Osinbajo stated this when he paid a courtesy visit on the Asagba of Asaba, Prof. Chike Edozien on Friday in Asaba.

”Since assumption of office, we have invested so far in terms of support N700 billion in the power sector. Earlier, we invested N200 billion.

The vice president said further that the Federal Government was in the process of investing another N600 billion in the sector.

On futher steps to improve power supply in the country, the vice president said that the federal government had decided to take a second look at the power sector.

According to him, one of the reasons why there are challenges in the power sector is that each of the Distribution Companies (Discos) controls a particular territory.

”And now we are saying that any company that wants to provide power to any territory, should be able to provide power for the territory and the people.

”Another strategy we are trying to introduce is to open up the power sector by restructuring,” he said.

On the second Niger Bridge, Osinbajo said that the project was very important to the Federal Government.

“I was here six weeks ago to look at the progress of the work there and I must say that the project is going on well.

Earlier, in his address of welcome, the Asagba of Asaba noted that poor power supply had been a major challenge in the Delta capital and appealed to the federal government to intervene in the situation.

He also appealed to government to compensate the people of Asaba on the 1967 massacre which claimed many lives, by establishing a federal university in the town.

According to him, Asaba is the only state capital in Nigeria without a federal university.

Edited by Ejike Obeta

Contact US: editor[at]nnn.com.ng, nnnnews247[at]gmail.com

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