Atiku: I Will Lead Nigeria Out Of Darkness.

Forum 1 year ago

Atiku: I Will Lead Nigeria Out Of Darkness.

‘I will lead Nigeria out of darkness’ — Atiku Abubakar speaks on plans for power sector

Having keenly observed developments in the power sector I am again convinced that my solution to the electricity crisis, as encapsulated in my policy, document, ‘my covenant with Nigerians’, remains the most proactive plan to lead Nigeria out of darkness,”

“In this regard, my approach is to first remove the entire electricity value chain from the exclusive list and give states the power to generate, transmit and distribute electricity for themselves.

“An industrial dispute with the FEDERAL GOVERNMENT in Abuja should not affect an industry in Lagos or a factory in Aba or in Kano or even an average Nigerian who just wants to get home, watch the news and sleep under a ceiling fan.

“Secondly, my policy shall aim at achieving greater coordination of investments in the entire electricity value chain.

“Investments in additional generation capacity are futile without consideration for the complementary transmission and distribution infrastructure to wheel the additional energy.

“Any investment in additional generation capacity would be competitively procured considering a viable mix of renewable (hydro, solar, wind and biofuels) and non-renewable (coal, gas) options for energy security.

“Thirdly, ahead of procuring additional generation, both transmission and distribution capacities would be enhanced with government and private sector support for investments.

“In this regard, we shall incentivise private investors to invest in the development of multiple green-field mini-grid transmission systems to be looped into the super-grip in the medium to long term while allowing the FG to focus on policy, regulation, and standardisation.