We’ve Invested 900 Billion in Power Sector in 4 Years -Osinbajo

The current government has invested 900 billion since assuming office in 2015, according to the Vice President, Yemi Osinbajo.

The Vice President stated this when he paid a courtesy visit on the Asagba of Asaba, Chike Edozien, 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.

He also stated that the federal government is in the process of investing another 600 Billion in the power sector.

The federal government has decided to take a second look at the power sector, Osinbajo said.

The Vice President said, one of the challenges faced in the power sector is that each of 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.

READ ALSO: VP Yemi Osinbajo urges Military to defend Nigeria with their lives

On the second Niger Bridge, Osinbajo said the project was very significant to the Federal government.

He said that president Buhari did not not only negotiate for equipment use for the construction of the Bridge but pays special attention to the project.

I was here six weeks ago to look at the progress of the work there and I must say that the project is going on well,” he s

I hope that very soon we should be completing not just the bridge, but also all surrounding infrastructure both here in Asaba and the other end of the bridge , he added .

The Monarch earlier in his address, complained about poor power supply experienced in Asaba, the Delta State capital, urging government to intervene in the situation.

He called on government to establish a federal university in Asaba, to compensate the people over the 1967 Massacre which claimed many lives.

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