President Muhammadu Buhari on Tuesday vowed that he will ensure the $16 billion former President Olusegun Obasanjo administration spent on failed power projects is probed.
“The previous government mentioned on their own that they spent $16bn on power but you are better witnesses than myself. Where is the power? Where is the money? We will follow them, eventually God willing, we will catch them and get our money back.”
Buhari, who though did not mention Obasanjo’s name, stated this when he spoke in Yenagoa, the Bayelsa State capital, during the All Progressives Congress (APC) presidential campaign rally in the state.
He told his supporters and listeners at the rally ground that he was unrelenting in his pursuit of those who looted the nation’s resources.
The Federal Government reportedly spent N16 billion on power projects between 1999 and 2007 when Obasanjo was in government.
The former president had written several letters condemning Buhari’s government and asking Nigerians to vote him out over alleged incompetence, impunity, among other perceived failures.
If you have been experiencing poor electricity supply to your home, apartment or office in recent times, there is actually some explanation to it all.
Total public power supply to the country has fallen below 4,000 megawatts in recent months from a peak of above 5,000 megawatts in early 2018.
According to Punch, data obtained from the Ministry of Power, Works and Housing on Monday, November 12, showed that 2002.8MW of generated electricity was unused as at last Friday, due to low load demand by Discos (Distribution companies).
Gas constraints accounted for the loss of 658.4MW generation capacity.
What that essentially means is that Discos are turning back a chunk of the electricity they receive from Gencos (Generating companies) because they can’t pay for them.
On November 9, the nation’s power plants generated 3,762.60MW, down from 3,913.60MW on November 8.
Total output stood at 3,903.50MW on Monday, November 12, according to data from the Nigeria Electricity System Operator.
Discos are not happy with transmission companies
Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, explained why Discos are rejecting a chunk of the electricity that should have found its way to you.
He said, “In ANED, integrity matters to us. We are saying that you don’t bring the load to where I don’t need it and you cannot force me to take it where it is not useful for me.
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