The Managing Director of the BeninElectricity Distribution Company, Olufunke Osibodu, has urged Nigerians not to expect any improvement in the power sector in the next five years.

Speaking at the 11th Annual Founder’s Day event of the American University of Nigeria in Yola, Saturday, Mrs. Osibodu said at least N250 billion is required annually to fix the country’s electricity sector.

“And we Nigerians need to understand that we cannot do it overnight, and in addition we have to pay for it,” said Mrs. Osibodu, while delivering the keynote speech titled ‘Beyond Oil: Sustainable Development for All Nigerians.

“We need to be ready as citizens also, to accept and live with the pain that we have to go through, and allow time as our friends.

“As Nigerians, often we are the ones that deceive our politicians. The politicians believe that the onlyway to go is to promise everything immediately possible. Promise thateverything is possible today so thatthey can get elected. But when you see that it is not, so we want to give them time and use time as ourfriends.

“It is the same story for the power industry. When I tell my friends, that forget any improvement for the next five years, they are scared,but that is the truth. We need minimum of five years to invest before we see results.
“But very often, because Nigerians are impatient, we start pushing our governments and they start reversing good things they have done in various ways. So we need to be more patient.”


Mrs. Osibodu’s statements came despite the claim earlier in the yearby Babatunde Fashola, the ministerof Power, Works, and Housing, thatthe country would attain 10,000 megawatts electricity generation by 2019.Apart of challenges of generation, Nigeria also has problems of transmission and distribution of the generated electricity.According to Mrs. Osibodu, Nigeriais currently producing two percent of the total electricity it requires.“In addition, in this country we have32 million household population. Inother words, 32 million houses by statistics. But on the national grid, only four million are officially customers of the various distribution companies.“About 36 per cent of the power generation is lost either through commercial theft, illegal consumption, or non-payment of bills. But 14 per cent of that power is also lost through very poor network.“In other words, the two percent that we have is even further played down. About 30 percent of the power, we all waste it, by forgettingto put out the light, many things that should not be turned on, and we pay for that wastage.”

Source:http://www.vanguardngr.com/2016/11/power-supply-wont-improve-next-5-years-disco-boss/

Na lie

The truth is now coming out..

But still as long as we continue with our present structure we would never experience 247 electricity forever..

In order words...Power supply won't improve till Buhari leaves office. Nice.

I expected nothing else, he is afonja. Now body odour won't do magic again bah ?

ln the next 5 years huh?

That would be the next campaign theme...

Walahi BOTE por me and l will pix PHCN

lobatan...

He made valid point here.

We cry for power supply,but when ever they flash us small light,we leave every thing on,even when they are not in use,this is bad practice,we should desist from it

What a Country

Why is it that body odour isn't working anymore??

PiccoloBrunelli:
In order words...Power supply won't improve till Buhari leaves office. Nice.

exactly

BeeBeeOoh:
Why is it that body odour isn't working anymore??

the body odour is too offensive

jonili:

the body odour is too offensive

In other words, We Don Enter Am Nah



Buhari till 2086

they should give these DISCOS to America or British electric companies, and watch what would happen. Funke is out here to make money, imagine 39,000 naira for one small pre-paid meter.

Power supply wasn't rocket science while campaigning for votes but after being voted in, power supply suddenly became rocket science.

They now suddenly remember that they are no longer magicians but before the elections they were performing sign's and wonder's with their mouths.

Gullibility is definitely a Nigerian!

May thunder fire every one that is deliberately holding back this country in Jesus Name!

Inconclusive power Generation

BeeBeeOoh:
In other words, We Don Enter Am Nah



Buhari till 2086

jonili:

It is only God that can see us through all the issues we have in this country.

it is well

Anyone that still believe in this Godforsaken government is a foooolllllll.

Let me call Fashola sef.

we are in it for the next 3 weeks

IB sold NEPA to his cronies for a re-election bid, without adequate technical & financial capabilities..And now they're helplessly enmeshed in huge debts....God punish Gej..
Truth is mine*

PedroJP:
I expected nothing else, he is afonja. Now body odour won't do magic again bah ?

Na Afonja sold NEPA to cronies??..OSU & their mouth sef...
Truth is mine*

Useless government

That was how obasanjo said there cannot be regular electricity until 2050.

Another power minister is needed to chart another direction and sincerely look into other options how to get stable power.

where is that minister of darkness sef?....with his rocket science statements?..
where are those zombies foaming in there mouths?.

u people una don see una life?.

any personality who takes my place May he never have peace in that my seat in amadioha+ sango names I pray....

zero8zero:
Na Afonja sold NEPA to cronies??..OSU & their mouth sef...
Truth is mine*

....OMO ALE u now ve opinion.