Yemi Osinbajo – 900bn invested in power since 2015

the Vice President of Nigeria

The Vice President Yemi Osinbajo says that 900 billion has gone into the power sector under the rule of Buhari since 2015.

During a courtesy visit to the Asagba of Asaba, Prof. Chike Edozien on Friday, the Vice President made this known and state that so far 700 billion has gone into the power sector. He continued that just recently another 200 billion  was invested.

Prof. Yemi Osinbajo added that however the Federal government is in the process of investing another 600 billion. He said the Distribution Companies (Discos) have been a source of challenge to the power sector due to ways services and sale are monopolize according to territory.

To put a stop to this, The Vice President said henceforth any company can now sell in any territory of the country: “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 existing monopoly  in the power sector. Whether upgrade or not the discos should be able to. Serve the people,” he added.

In his address, the Asagba of Asaba  call on the government to compensate the people of Asaba on the 1967 massacre, by establishing a federal university in the town. He added that Asaba is the only state capital without a federal university in the country.

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