President Goodluck Jonathan hinted yesterday that the nation’s quest for stable light might not be met by the government until after two or more years .
According to him, the interface between the federal government and the private sector on full privatisation of the energy sector to make steady power supply feasible in the country, would hopefully be completed in two years period.
The president who dropped the hint while inaugurating the 750 Mega Watts Olorunsogo Power Plant Phase II, Papalanto, Ogun State, said that his administration had spent about US$8. 26 Billion in the bid to boost the national electricity generation capacity by over 4, 700MGW.
He said: “to stimulate the micro and medium enterprises, government must invest and must show significant concern for power and that is what we are doing. “And we promised this country that surely in the next two years, the interface between 100 per cent government control of power sector and 100 per cent control of the private sector will be sealed properly and Nigerians would take power for granted.”
He explained that of the US$8. 26 billion invested or spent on power, US$ 650 million of the amount was committed to the Olorunsogo power plant inaugurated yesterday. There are 10 of such power projects spread across the nation including the two inaugurated in Kogi and Ondo states in 2014,he said.
He is scheduled to inaugurate the Egbin power station today .
