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Power: Jonathan, Investor Rule Out Hike In Tariff

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IMAGE: Power Transmission Lines »



President Goodluck Jonathan has  said that the federal government would ensure that the new investors in the power sector would not rip off Nigerians.

Jonathan gave the assurance yesterday in his message at the Third Session of the Sixth Synod of the Church of Nigeria, Anglican Communion in Ihiagwa, Owerri, in Imo State.

He restated the federal government’s commitment to improve infrastructure as well as ensure that the power sector performed better than the telecommunications industry.

Represented by the Minister of Labour, Chief Chukwuemeka Nwogu, the president said the privatisation of the power sector would make electricity sufficient for the nation.

“There will be power all over the country; all we need is for everybody to support the government to achieve our goals,” the news agency of Nigeria quoted him as saying.

The president also said government was working hard to reposition the railway sub-sector, adding that that trains were already operating on the North-South routes.

Meanwhile  a core investor in the defunct Power Holding Company of Nigeria (PHCN), Hosa Okunbo, at the weekend commended President Goodluck Jonathan, for the initiative and courage to privatise the  power sector.

Speaking with newsmen in Benin City the Edo State capital, Okunbo, a member of the Integrated Energy Distribution and Marketing Company  in charge of the Ibadan and Yola distribution network, while allaying any  fears of incessant hike in electricity tariff following transfer of ownership of  power distribution to the private sector by the federal government, said the new dawn would not only create competitive

 market but provide qualitative service and affordable  electricity.

  “This is a very bold step by President Jonathan and his sincerity to transform Nigeria. Electricity is the bedrock  of development.With the industry,  employments will be generated and so many associated developments come with power. I believe in the next couple  of years ,people will begin to see the difference.’’

While assuring of stable electricity supply, he added:  “We will provide quality service and we will reduce  that cost, because what is important is to have the cost of electricity cheap and competitive.”

Article Credit: Leadership

Updated 5 Years ago

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