Connect with us

News

We’ve Invested N900bn On Power Since 2015 – Osibanjo

Published

on

Vice-President Yemi Osinbajo says the current administration has invested N900 billion in the power sector since it assumed office in 2015.Osinbajo spoke when he paid a courtesy visit on Chike Edozien, the asagba of Asaba, on Friday.

”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.
The vice president said 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 the federal government had decided to take a second look at the power sector.

According to him, one of the reasons why there are challenges in the power 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,” he said.
‘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.” Source- thecableng

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

PDP Reaches Out to Peter Obi for 2027 Presidential Ticket

Published

on

In a major political development, Professor Jerry Gana, a founding member of the People’s Democratic Party (PDP), has confirmed that the party has officially reached out to Peter Obi, inviting him to return and contest the 2027 presidential election under the PDP banner.

Gana described the move as part of a broader strategy to reposition the party ahead of 2027 by rallying credible leaders with proven integrity. He emphasized Peter Obi’s strong grassroots appeal and untainted public record as key reasons the PDP wants him back.

“We have reached out to Peter Obi to return home for our party’s presidential ticket,” Prof. Gana stated.

Do you think Obi should return to the PDP or continue with his current coalition?

Continue Reading

News

Tinubu Engages Power Sector Leaders, Pushes for Lasting Energy Reforms

Published

on

President Bola Ahmed Tinubu on Friday held a strategic meeting with key stakeholders in Nigeria’s power sector at the Presidential Villa in Abuja, as part of renewed efforts to tackle the nation’s long-standing electricity issues.

The high-level session was chaired by the President, with his Chief of Staff, Femi Gbajabiamila, and Minister of Power, Adebayo Adelabu, in attendance.

Also present were some of the industry’s most prominent figures, including Heirs Holdings Chairman, Tony Elumelu; Chairman of the Association of Power Generation Companies, retired Colonel Sani Bello; Managing Director of Sahara Group, Kola Adesina; and Acting Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musiliu Oseni.

The meeting focused on exploring sustainable solutions to Nigeria’s energy challenges, with a strong emphasis on collaboration, regulatory reform, and long-term investment.

Continue Reading

News

Prof. Nentawe Goshwe Yilwatda Elected as New APC National Chairman at Party’s 14th NEC Meeting

Published

on

In a significant development within Nigeria’s ruling political party, the All Progressives Congress (APC), Professor Nentawe Goshwe Yilwatda has been officially elected as the new National Chairman. His election was ratified at the 14th National Executive Committee (NEC) meeting of the party, held in Abuja on Wednesday.

The decision comes following weeks of internal consultations, with Yilwatda emerging as the consensus candidate after the resignation of former Chairman, Dr. Abdullahi Umar Ganduje. Party insiders say the move is part of broader efforts to reposition the APC ahead of upcoming state and national elections, as well as to stabilize internal party structures.

Prof. Yilwatda, a former university lecturer and current Minister of Humanitarian Affairs, is well-regarded in both academic and political circles. He previously served as the APC gubernatorial candidate in Plateau State during the 2023 elections and is known for his technocratic approach to leadership. His emergence as chairman is seen by some analysts as a strategic attempt by the APC to blend intellectual credibility with grassroots political experience.

Addressing the NEC and other stakeholders shortly after his election, Prof. Yilwatda expressed gratitude for the confidence reposed in him. He pledged to promote unity, discipline, and inclusivity within the party, stating that “a house divided against itself cannot stand.” He also emphasized the importance of returning the party to its founding ideals and promised to foster open dialogue and reconciliation among aggrieved party members.

The NEC meeting, which brought together top-ranking members including President Bola Ahmed Tinubu, Vice President Kashim Shettima, APC governors, national assembly members, and other party leaders, also featured deliberations on policy direction, party reforms, and electoral strategies.

President Tinubu, in his remarks, congratulated the new chairman and called for loyalty to the party’s mission of delivering good governance to Nigerians. He stressed the need for organizational discipline, urging members to support the new leadership in building a stronger and more cohesive APC.

As Prof. Yilwatda assumes leadership, expectations are high that he will help steer the APC through the evolving political landscape, mend internal rifts, and strengthen the party’s hold ahead of future elections.

Continue Reading

Trending