L
LequteMan
Guest
The Nigerian senate has set up a 13 man committee to investigate management of huge funds being invested in the power sector by the Obasanjo and Jonathan regime.
Both regime had pumped in millions of dollars into the sector with no solution to the blackout in the country.
The Committee, headed by Senator Abubakar Kyari, was also given the task of probing the unbundling of the defunct Power Holding Company of Nigeria by the Federal Government.
Senate President, Bukola Saraki, noted that the inadequate power supply in the country was a cause for concern, saying it had affected the economic growth of the nation.
He observed that the lack of power supply had plunged the country into further hardship, besides corruption.
He said, “We thought that with the Power Reform Act and the unbundling of the Power Holding Company of Nigeria, we will begin to see improvement with regard to power supply; unfortunately, it is not so.
“The Ad Hoc Committee that we set up should look at the activities of the Discos and what is preventing Nigerians from benefitting from the unbundling of the PHCN.”
PUNCH
Both regime had pumped in millions of dollars into the sector with no solution to the blackout in the country.
The Committee, headed by Senator Abubakar Kyari, was also given the task of probing the unbundling of the defunct Power Holding Company of Nigeria by the Federal Government.
Senate President, Bukola Saraki, noted that the inadequate power supply in the country was a cause for concern, saying it had affected the economic growth of the nation.
He observed that the lack of power supply had plunged the country into further hardship, besides corruption.
He said, “We thought that with the Power Reform Act and the unbundling of the Power Holding Company of Nigeria, we will begin to see improvement with regard to power supply; unfortunately, it is not so.
“The Ad Hoc Committee that we set up should look at the activities of the Discos and what is preventing Nigerians from benefitting from the unbundling of the PHCN.”
PUNCH
