During a courtesy visit on the Asagba of Asaba, Chike Edozien, Vice President Yemi Osinbajo says the present administration has invested N900 billion in the power sector since its assumption of office in 2015.
According to him, the President Muhammadu Buhari government has so far invested N700 billion in terms of support and an earlier N200 billion saying the federal government was in the process of investing another N600 billion in the sector.
On further 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, saying one of the reasons why there are challenges in the 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.
“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,” he said.
We want to believe that all the efforts of the Buhari administration on the power sector will soon begin to yield fruits.
There is no gainsaying the fact that poor power supply had been a major challenge to Nigerians, with previous governments unable to tackle the scourge.
Daily Nigerian Horn will want the Federal Government to go a step further in monitoring the activities of these Discos who have become a clog in the wheels of power improvements.
It is a well known fact that most of these Discos who were primed for profit, have further pauperized the citizens by increasing their bills without commensurate improvement in the power supply.
They equally engage touts and unqualified technicians who tamper with the electric transformers so as to extort money from the beleaguered customers. The essence of the Federal Government in deregulating the power sector was to improve the power supply to the citizens. But with what the Discos are doing, actualizing this may remain a mirage.
We urge the Federal Government to wake up to its responsibility in providing steady power supply to Nigerians.