We Can’t Continue To Subsidise Power - FG

We Can’t Continue To Subsidise Power - FG

Yusuf Dotun

The Federal Government on Wednesday said that subsidy on the power sector would be discontinued.

It called on the distribution companies across the Federation to improve on their financial and technical strength to deliver or the government would intervene more directly to find solutions to darkness in the country.

The Minister of Power, Saleh Maman, after the Federal Executive Council meeting on Wednesday, said that a plan has been submitted to the government in other to resolve the challenges faced by the power sector.

Salem said the government was in talks with a German firm, Siemens, to be part of the solutions it was seeking to address the challenges.

The minister said Nigeria had the capacity to generate 13,000 megawatts and could transmit just 7,000 megawatts. He stated that the major problems lie with the distribution companies, as they could only take 3,000 MW to 4,000 MW.

The minister said the government had spent over N1.7 trillion on the sector in the last three years and will not continue to subsidise the sector.

“If the distribution companies are not ready, they should tell us. We have a plan on willing seller, willing buyers” he stated.

The session was presided over by the President, Muhammadu Buhari.

Happenings Media