He also said that large-scale corrupt practices and dubious awards of contract in Nigeria’s power sector by past administrations were responsible for inadequate and epileptic power supply in the country.
He said that despite several billions dollar-investment in power generation and distribution over the years by government, businesses and Nigerians still suffer greatly on account of electricity and suggests that there should be a total overhaul in the sector in terms of generation and distribution if all efforts on power production must be achieved.
According to him, records showed that series of contracts were awarded in the power sector for several years and are still ongoing without any real improvement.
He said,
“Though Nigeria needs more than 10,000MW to stabilise economic growth, the present capacity of power transmission lines cannot distribute more than 5,000 MW since the improvement works on transmission lines have been stagnant over years and should be improved upon if Nigeria must achieve tangible output from the sector.
“Unfaithful to awards of contract and execution of contracts being awarded are the major challenges. Several contracts in that regards have been awarded several years back, but have not been completed.
“What is being produced now is less than 3,000 MW. Our transmission grid today can only transmit 5,000 MW and we need to improve on transmission capacity to transmit enough power needed to stabilise economy. That is why the private investors have to increase capital investment in power sector.
“Insurgency and instability of government is a major setback especially in the agricultural sector. Agriculture contributes 24% to Nigeria GDP but the 24% is under threat because of the insurgency in the North East”.Vanguard
VP abeg, we don know say dem don spoil naija finish, just help us start rebuilding. Now is not the time for story telling again , we don hear ...ACT now abeg.
ReplyDeleteLike seriously??? They keep saying d same shit everyday..we knw already..ACT..u guys talkin too much and to me seems all this analysis is givin reasons to Chop and steal money ....
DeleteOhk oooooo
ReplyDeleteBeforeGodAndMan this are the kind of politicians Nigeria need... maximum love My VP
ReplyDeleteWhat Is The Remedy?? VP Stop Talking And Start Acting!!!
DeleteI just hate this dwarf who calls himself VP. Why is he always attacking GEJ? Were Nigerians better off in OBJ regime!?Or even other regimes? See Buhari treating the idiot like a houseboy and here he is condemning GEJ.
ReplyDeleteI just hate this dwarf who calls himself VP. Why is he always attacking GEJ? Were Nigerians better off in OBJ regime!?Or even other regimes? See Buhari treating the idiot like a houseboy and here he is condemning GEJ.
ReplyDeleteIs it not wise that you diagnose first before you start treatment... ya ignorance smells!..ode
DeleteThat was why we voted out the Jati jati govt that has seen to the impoverishment of Nigerians for years.
ReplyDeleteChange is here and our hopes renewed.
~BONARIO~says so via NOKIA LUMIA
Realy bonaria? You and your commissioner tinubu stooge?
DeleteAwon jati jati commit for road. Enough talk sir act!
Ur d eyan Jati Jati...Olobe....d person in charge(GEJ) when LIB tear una eye became d scape goat...now na to talk anyhow..I'm waiting for ur comments after 4years of ur new heroic Govt. ....since they assumed office ,all they do is analyse ..when they hv been hired for a different job..we knw these analysis already..WORK ABEG
DeleteStop talking and work sir, thats why u are there
ReplyDeleteDats true. I thank God 4 my life dat am nt 1 of dem. Linda shey u no dey go church ni?
ReplyDeleteVery correct
ReplyDeleteKai talk 2 much,stl behaving like an opposition party, plz get 2 wrk joor
ReplyDeleteI'm glad you know my VP. Linda take note!
ReplyDeleteWe already know that sir. Make una do something rather than reminding us.
ReplyDeleteIt is one thing to identify the problems bedeviling this nation,it is another thing to proffer solutions .I really want to believe this govt have a good master plan on how to tackle these problems.The VP is sound,the president is mature and experienced,the expected technocrats to be in the ministerial list all together seems like a good team to make this country hit a watershed.Change is here!
ReplyDeleteOsibanjo everybody knows Nigerians are suffering n seriously I'm tired of ur reports do something n stop reporting we know already do something about it n tell ur boss Buhari 2 seat here n plan for Nigeria rather than his shuttle diplomacy to 'west' Germany.
ReplyDeleteGod of host.... lol
DeleteDo something abt it n stop gloating
ReplyDeleteUbanagum
Oga we know these stats already. Government don turn all of us to statisticians already. We want to cee the plans to remedy this messes in action
ReplyDeleteTalk is cheap. Nigerians want visible actions.
ReplyDelete...and what could be done about it?
ReplyDeleteLinda cogitate
Very good he knows, we want change, can they offer us that?
ReplyDelete#ITwillONLYgetBETTER
#itMUSTendINpraise
This is what I call true leadership.
ReplyDeleteYeah! Thats why you dont seat at security meeting and you stay hundred million miles away from seat of power and your opinion dont count. And i also hear someone called you a mere commissioner. Hahahahahahaha. Thank your god Nigerians started shouting before the election if not you would have submmited your postdated resignation letter.
ReplyDeleteWe know right?
ReplyDeleteMr commissioner in saraki's voice we are waiting for ur promises too.
ReplyDeleteAll these problems we already know! Please, we need solutions not speeches; we elected you to solve those problems!
ReplyDeleteAll these problems we already know! Please, we need solutions not speeches; we elected you to solve those problems!
ReplyDeleteThis is inaccurate Sir. Check the NBE statistics. It's not 100m. Stop giving us bad international image. It's not this bad abeg.
ReplyDeleteShuuu,dis APC of a party talks 2much,biko let your handiwork speak jor,enough of d talk already#jstpassinsha#
ReplyDeletethis man sabi point out problems ehn
ReplyDeletefind solution that's why ure elected
oga commissioner why must it done according to your party stipulation??? does it mean your oga doesn't have master plan??? so he didn't learn anything from president Cameron and president Mitchell of West Germany??? tell your oga prime minister buhari to stop travelling and form a government. his attitudes are not a good sign to those who voted for him
ReplyDeleteSeems u didn't attend primary school with u vocabulary, after typing, read before posting & if u dont know, ask & u shall be answered
DeleteUhmmm
ReplyDeleteSo do sumtin about it
ReplyDeleteEnough of this stories.
ReplyDeleteWhat have they done to improve the standard of living since they took over?
Sir...with all due respect...Believe me, my lungs are still smarting from the noise I made for you and GMB....but please enough talk already. These are stats that have been heard over and over and again internationally and locally. We understand we can't fix this in a day, but we can't keep on harping on these things. We need action! Still rooting for Team PMB!
ReplyDeleteThis man thinks he is still campaigning
ReplyDeleteha ha ha ha ha ha. This blog readers eh
DeleteThank goodness they know this fact.
ReplyDeleteAnd they'd better not forget their promises.
Well said..... My dear Prof nd VP shld know that delivering lectures @ various citadel is not part of governance @ d federal level. He should concentrate on jow to implement APC's electionering campaing promises.
ReplyDeleteWell said..... My dear Prof nd VP shld know that delivering lectures @ various citadel is not part of governance @ d federal level. He should concentrate on jow to implement APC's electionering campaing promises.
ReplyDeleteHmmmm. Hope he doing somthing to end that
ReplyDeleteThis man is now the VP so he and his team of change agent should solve the problems of poverty rather than tell us what we already know... We need action now that u are in power so do the magic and eradicate poverty from out country #StopTheTalkandActNow
ReplyDeleteWe hope for change.
ReplyDeleteEnough of the talking mr VP, we need results, visible results
ReplyDeleteThese problems are his and his boss' now. Fix them!
ReplyDeleteVP starting working. Everybody knows the problem.
ReplyDeleteMr VP so you have been so sidelined that with all the queues,you are still talking like an opposition with a fake statistics? 100 million Nigerians?
ReplyDeleteWhen will Buhari give you some power?
Oga you are a VP stop hoping from one graduation to another. Work work work and stop talking!
Wow!!!
ReplyDeleteCan't believe it took u this long to know that..
Well, thanks for the observation,
Now its d way forward..
Yes we need change indeed....
ReplyDeleteBut slow nd steady wins d race. Nigerians let b a lil patient.
That's my school
ReplyDeleteThat's ma school
ReplyDeleteNa now him dey know? We've known these figures since we were in secondary school so please, either u change them figures fast or u shut the hell up!
ReplyDeleteI don't need to go for a any comedy show anymur. Mehn Nigerians are funny. ..
ReplyDeleteSir, just remain focus and stop telling us what we already know campaign period is over. please solution stop complaining
ReplyDeleteEnought of lamentation. please we need solution
ReplyDeletethaThat's a lir, we are noy that poor via ur
ReplyDeleteMr VP you are in power now. Do something about it.
ReplyDeleteStop informing us of statistics we already have. If u r not up to the task please step aside.
Kai I so hate Niger
ReplyDeleteOsinbajo see we no want excuse,last admin as past u are there do something and stop blaming anyone. Ekweme gbabe
ReplyDeletecommissioner, do something, we have heard enough.
ReplyDeletemere commissioner. what do u kw abt politics
ReplyDeleteWe already know...do something about it.
ReplyDeleteUse ur broom n change it nah
ReplyDeleteUse ur broom n change it
ReplyDeleteUse ur broom n change it
ReplyDeleteWhy are you haters always after this poor guy.Imagine a Nigerian calling his VP a dwarf. What has his speech got to do with that.I know it is the March 28 pain that is behind all this hate talks. If you can bear with those clueless guys for 16yrs,why are u now in a hurry. Abeg make una shut up.
ReplyDeleteMy respected Prof is making pronouncements that will embarrass his boss. I don't know where he got his figure but this is contrary to popular opinion. In any case he has entered governance lets see how he will improve on the figure
ReplyDelete