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FG Seeks Private Funding To Close $2.5 Billion Electricity Gap - Politics - Nairaland

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FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by DamnnNiggarr(m): 9:41pm On Oct 17
FG Seeks Private Funding To Close $2.5bn Electricity Gap


KEHINDE ABDULSALAM
The Federal Government has called for more private sector funding to close an energy gap of $2.48 billion meant for 80 million Nigerians to have access to electricity.

The Managing Director and CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad, disclosed this on Saturday at a workshop for members of the House of Representatives by the agency in Abuja after it held a similar one for the Senate.


Ahmad said the $2.5bn is the investment required to provide access to the current 80m Nigerians without electricity.

“India used to be the country with the highest people without access to electricity but I am sad to say that Nigeria has overtaken it and recently the figure is at 80m Nigerians without access to electricity.”

While he called for an improved budget for REA to realise this, he said: “It is very risky to rely on government budget as that is not enough. We need to device policies where we can get more private sector investments.”

The Minister of State for Power, Mr. Goddy Jedy-Agba, who was represented by the Permanent Secretary in the Ministry, Mr. Chinyeaka Ohaa, called for the lawmakers’ support to REA.

“Over 80 million Nigerians lack access to reliable electricity. To change this narrative, we must continue to strategically deploy renewable, off-grid technologies to power Nigeria, one community at a time.”

Declaring the workshop opened, the Speaker, House of Representatives, Femi Gbajabiamila, said the workshop was strategic and could not have come at a better time than this time.

“On behalf of the speaker, I declare this workshop opened,” said Chairman, House Committee on Power, Magaji Da’u Aliyu, who represented the Speaker.

On his role, Aliyu said with the workshop, the Members would do the needful and to consult with REA to ensure proper budgeting.

He said over N200m projects are uncompleted in the portfolio as he urged the REA to be better guided towards providing more access to rural electricity.

Executive Director, Rural Electrification Fund (REF) at REA, Dr. Sanusi Ohiare, said REA since 2016, has connected 103,500 homes, impacted 460,720 people, created 5,042 jobs and sourced $561m investments.

Ohiare said the lawmakers should strengthen the agency noting that despite the several review of the Oronsaye agencies merger report, REA is still part of the agencies penciled for scrapping

https://dailytrust.com/fg-seeks-private-funding-to-close-2-5bn-electricity-gap

3 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by ShobayoEmma(m): 9:42pm On Oct 17
Sorosoke jor. Buhari, a good man with bad intentions. #endpolicebrutality# Restructure now.

15 Likes 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by adaragbotemi: 9:43pm On Oct 17
Thieves

30 Likes 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Homeboiy: 9:55pm On Oct 17
Something that Atiku would have given family and friends

11 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by VeeVeeMyLuv(m): 10:00pm On Oct 17
This is roughly N5,000 per person (200,000,000) @ exchange rate N400 to $1

1 Like

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Mathscum: 4:36am On Oct 18
They known the next protest is electricity. They better fix it up. Before it turns to another protest.

27 Likes 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by 1Alex: 4:36am On Oct 18
This is another subsidy in disguise.

6 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by tunapawizzy: 4:37am On Oct 18
same old story...seeking funds to build electricity, but we dont have to seek funds to pay lawmaker's bloated salaries and allowances.....see ehn...the revolution coming you people's way, you will not know what came over you, EndSARS na small....una go hear am.bunch of armed robbers.....no difference between SARS and Legislators.

130 Likes 10 Shares

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Chiedu4Trump: 4:38am On Oct 18
These people want to loot Nigerian into oblivion b4 we break

7 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by wonuks(m): 4:39am On Oct 18
shocked
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by oz4real83(m): 4:39am On Oct 18
Unfortunately, these 80m people without reliable electricity are still forced to pay estimated billing. They are forced to pay for darkness. They are forced to repair or replace electricity distribution equipment in their environments even when power distribution companies are private owned. They are arrested if they protest against injustices. Laws are made by the legislature to protect these power distribution companies instead of the people they represent. This is why #BuhariMustGo and #SarsMustgo

63 Likes 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Hammyaladin(m): 4:39am On Oct 18
j

1 Like 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by melodyisaac: 4:41am On Oct 18
Damn Nigga


Buhari should just tender his resignation letter with a very big apology for failing Nigerians wholefully

24 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by BruncleZuma: 4:42am On Oct 18
grin grin grin grin

Why not use the money for the Niger Train to do this?

18 Likes 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by azmanaty02: 4:42am On Oct 18
Thief Bulhary

1 Like

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by EyezofGod120: 4:44am On Oct 18
angry we can't know the damage APC and buhari has done this country till 2023

16 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by smile11s(m): 4:44am On Oct 18
Seeking fund to close fund. More looting for north

5 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by ayenale1(m): 4:44am On Oct 18
They want to fund north again

14 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Floryangel8: 4:50am On Oct 18
Terrible set of people. We are still buying at 66.6666. Per unit. Opportunity to loot again

4 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Dominion202: 4:50am On Oct 18
Useless government
What happen to all the funds you have borrowed
They have looted every thing to the extent that we are into serious debt.
Always seeking for help from private sector
Useless people
Even we that have access to electricity is it stable?
For my area is 2days in a week yet they bring high bill every month.
God will punish PMB and his followers.

11 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by shamhuna: 4:51am On Oct 18
They should go & borrow as usual

1 Like 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Esseite: 4:54am On Oct 18
Werey dey disguise... we are the private sector, open your mouth and ask us directly to pay more as usual naah..

Before now, we only wake up to date line of new electricity tariff..

#endsars.. protest for a better Nigeria.

10 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by AltCtrlDel: 4:56am On Oct 18
BUHARI የሉሲፈር እባቦች ምንም ምሕረት አያሳያችሁ ፣ እናም ብርሃን ወደዚህ ምድር እስከተነካ ድረስ የደምዎ መስመር እንዲበላሽ ያድርገው shocked shocked shocked

Say Amen
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Jabioro: 4:56am On Oct 18
The useless government is on fear mode.. Disco we soon hear it

2 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Baawaa(m): 4:58am On Oct 18
PDP is APC,
APC is PDP
This government is one chance,not CHANGE

5 Likes 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Walexdubia(m): 4:59am On Oct 18
DamnnNiggarr:


https://dailytrust.com/fg-seeks-private-funding-to-close-2-5bn-electricity-gap

Mtcheew same old story, after 60yrs We still can't boast of 24hrs electricity and Minister of power was lying that Nigerians are already enjoying 18-24 hrs electricity....

May God save us, Nigeria was just too immature for Independence, even the people ruling us don't understand the concept of democracy.....

Bunch of power hungry folks....spit!!!

6 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by sharena(m): 5:01am On Oct 18
Look at ooo seeking funds from Private bodies to close gap abi? The big question here is this, do they seek funds to pay those old senators? A war is coming after this end Sars matter finish first then we move to the next phase

13 Likes

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by ILoveDemMANNA: 5:02am On Oct 18
Nigeria must work in this lifetime.

We are still moving.

#NigeriaMustBeGreat

3 Likes 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Walexdubia(m): 5:02am On Oct 18
Walexdubia:


Mtcheew same old story, after 60yrs We still can't boast of 24hrs electricity and Minister of power was lying that Nigerians are already enjoying 18-24 hrs electricity....

May God save us, Nigeria was just too immature for Independence, even the people ruling us don't understand the concept of democracy.....

Always looking for funds or loan but still not result to show for it

Bunch of power hungry folks....spit!!!
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by philipstanley(m): 5:03am On Oct 18
borrow nation
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Chiedu4Trump: 5:04am On Oct 18
EyezofGod120:
angry we can't know the damage APC and buhari has done this country till 2023
who said Nija go reach 2023?

ayenale1:
They want to fund north again

This only happens becos the South are Mumus,we struggle for crumbs

2 Likes 1 Share

Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by michlins(m): 5:09am On Oct 18
You mean that the government wants to borrow another $2.5bn in a country where everything has been borrowed and stolen by few.

So we haven't just overtaken India in poverty level but also number of people without access to electricity.

We're approximately 200ml people and 80ml are without electricity which represents about 40% of our population. The 120ml people also share majority of their day with darkness.

Who exactly did we offend as a people?

4 Likes

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