FG Intensifies Efforts To Address Erratic Electricity Supply – VP Sambo

FG Intensifies Efforts To Address Erratic Electricity Supply – VP Sambo

Amid growing pressure of the United Nations, Vice-President Namadi Sambo on Tuesday reassured that the government has intensified efforts to address erratic electricity supply experienced in some parts of the country.

Vice-president said this while receiving members of the Senate committee on privatisation, led by Senator Olugbenga Obadara. 

According to Sambo, the government is working non-stop to ensure that power situation was improved "and that when it finally materialises, it would take the country out of the trajectory of power problems".

Sambo also told the committee that everything needed to for the success of the privatisation exercise through post-privatisation activities had been put in place.

He described the companies that succeeded in the privatisation of the power sector as viable.

Sambo recalled that part of the agreement in the exercise was the upgrade of privatised companies for increased output.

The government already set up a evaluation committee to monitor the post-privatisation activities, Sambo added.

Sambo further said that the government was addressing the issue of gas supply to the generating plants across Nigeria through the Ministry of Petroleum.

The vice-president criticized the issue of subsidised gas prices and said that the International Oil Companies (IOCs) had not been investing in local gas supply.

He, however, noted that the Nigerian National Petroleum Corporation (NNPC) and IOCs were investing in the liquefied natural gas which is sold at much higher rate as these companies cannot invest in gas which sold at less than one dollar because it is less than the cost of production.

Sambo stressed the need for the development of a gas master plan which would be executed under a Public Private Partnership.

He said that the coming of the 10 Niger-Delta Power Holding Company (NDPHC) thermal power plants had added more pressure for gas requirements in millions of cubic feet.

The vice-president added that concrete efforts to invest in the development of gas infrastructure are being made.

Source: Legit Nigeria

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