The Vice-President of Nigeria Prof. Yomi Osibanjo has revealed that a total of 900 billion naira has been spent in the power sector since the inception of the Buhari led administration.
”Since assumption of office, we have invested so far in terms of support N700 billion in the power sector. Earlier, we invested N200 billion,” he said.
”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. We have been able to break the existing monopoly in the power sector. Whether upgrade or not, the DisCos should be able to serve the people. Another strategy we are trying to introduce is to open up the power sector by restructuring”
The Vice-President made the above statement when he visited the Asagba of Asaba in Delta state, he blamed Discos for the problems the country is facing in the power sector.