By Shola Abayomi.
The Vice President, Prof. Yemi Osinbajo has revealed that President Muhammadu Buhari has invested N900 billion in the power sector since he assumed office in 2015.
The Vice President made the disclosure yesterday when he paid a courtesy visit to the Asagba of Asaba, Prof. Chike Edozien in Asaba, Delta State.
He said, ”Since assumption of office, we have invested so far in terms of support N700 billion in the power sector. Earlier, we invested N200 billion.”
Speaking on the challenges of the power sector, Prof. Osinbajo linked the problems to the control of territories by each of the Distribution Companies (Discos).
”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”, he stated.
In his address, the Asagba of Asaba, lamented that poor power supply had been a major challenge in the state capital, appealing to the Federal Government to intervene in the situation.