Vice-President Yemi Osinbajo yesterday attributed the deplorable power situation in the country to dubious awards of contracts by previous administrations. Various contracts for power projects were awarded by the administrations of Presidents Olusegun Obasanjo, Umaru Yar’Adua and Goodluck Jonathan over the last 16 years.

Under Obasanjo, a probe of the power sector by the House of Representatives ended on a controversial note. Osinbajo, who made the declaration in Abeokuta, said large-scale corrupt practices in the contract awards for power generation, distribution and transmission were responsible for the collapse of the sector. He said these while delivering a lecture titled, ‘Nigerian economy and the future’ at the 10th anniversary of Crescent University, Abeokuta, Ogun State.

The Vice-President, who stated that several billions of dollars had been invested in Nigeria’s power sector over the years, declared that the sector needs total overhauling to stabilise and boost the nation’s dwindling economy.

According to him, Nigeria needs more than 10,000 megawatts to stabilise economic growth but the current capacity of power transmission lines cannot distribute more than 5,000 megawatts. Osinbajo said, “Unfaithfulness to awards of contracts 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 private investors have to increase capital investment in power sector.” He said the 10 per cent Gross Domestic Product promised by President Muhammadu Buhari during the campaign can only be realised with significant improvement in the power sector.

The vice-president noted that the non-availability of gas had adversely affected power supply but assured that the Federal Government would ensure the completion of gas pipelines that had been abandoned for years. Osinbajo, who said the current power sector privatisation covers only the distribution aspect, noted that the All Progressives Congress-led administration would consider the privatisation of power transmission which is still under the control of the Federal Government.

He assured that government would ensure maximum protection of pipelines in order to improve the power situation in the country, adding that transparency would be the Buhari-led administration’s watchword. He, however, hinted that some tough decisions would have to be taken to put the country back on track in line with the APC’s manifestos.
He said, “Insurgency and instability of government are major setbacks, especially in the agricultural sector. Agriculture contributes 24 per cent to Nigeria GDP but the 24 percent is under threat because of the insurgency in the North- East.

“The militancy in the south has also reduced oil production significantly and that is why any form of extremism must be put down not only because of the economy but for the unity and peace of the country and that is why all the recent initiatives are important because we must deal with the question of economy. “In the petroleum sector, vandalism also contributes in no small measure to the drop in the output of the sector. 400, 000 barrels are stolen on daily basis while countries like Ghana only survive on less than 150, 000 barrels.


http://www.stellanaija.com/obasanjo-yaradua-jonathan-ruined-power-sector-osinbajo/

a mere Commissioner speaking

Buhari is a terrorist

Prof that is why you are voted in that capacity.
You are to tackle those mess and give us light / power as promised by you and Buhari during campaign.
So Mr Prof I believe you can work with any tool you have.
So stop complaining, concentrate and work period.

Kai! Osibanjo Osubande e be like sey u don chop from the same plate wey FFK chop from??..

Then start the repair right away instead of talkie talkie and flying flying around the world



SNAIL BUHARI


ORDINARY COMMISIONER OSUNBADE

stella265:


Vice-President Yemi Osinbajo yesterday attributed the deplorable power situation in the country to dubious awards of contracts by previous administrations. Various contracts for power projects were awarded by the administrations of Presidents Olusegun Obasanjo, Umaru Yar’Adua and Goodluck Jonathan over the last 16 years.

Under Obasanjo, a probe of the power sector by the House of Representatives ended on a controversial note. Osinbajo, who made the declaration in Abeokuta, said large-scale corrupt practices in the contract awards for power generation, distribution and transmission were responsible for the collapse of the sector. He said these while delivering a lecture titled, ‘Nigerian economy and the future’ at the 10th anniversary of Crescent University, Abeokuta, Ogun State.

The Vice-President, who stated that several billions of dollars had been invested in Nigeria’s power sector over the years, declared that the sector needs total overhauling to stabilise and boost the nation’s dwindling economy.

According to him, Nigeria needs more than 10,000 megawatts to stabilise economic growth but the current capacity of power transmission lines cannot distribute more than 5,000 megawatts. Osinbajo said, “Unfaithfulness to awards of contracts 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 private investors have to increase capital investment in power sector.” He said the 10 per cent Gross Domestic Product promised by President Muhammadu Buhari during the campaign can only be realised with significant improvement in the power sector.

The vice-president noted that the non-availability of gas had adversely affected power supply but assured that the Federal Government would ensure the completion of gas pipelines that had been abandoned for years. Osinbajo, who said the current power sector privatisation covers only the distribution aspect, noted that the All Progressives Congress-led administration would consider the privatisation of power transmission which is still under the control of the Federal Government.

He assured that government would ensure maximum protection of pipelines in order to improve the power situation in the country, adding that transparency would be the Buhari-led administration’s watchword. He, however, hinted that some tough decisions would have to be taken to put the country back on track in line with the APC’s manifestos.
He said, “Insurgency and instability of government are major setbacks, especially in the agricultural sector. Agriculture contributes 24 per cent to Nigeria GDP but the 24 percent is under threat because of the insurgency in the North- East.

“The militancy in the south has also reduced oil production significantly and that is why any form of extremism must be put down not only because of the economy but for the unity and peace of the country and that is why all the recent initiatives are important because we must deal with the question of economy. “In the petroleum sector, vandalism also contributes in no small measure to the drop in the output of the sector. 400, 000 barrels are stolen on daily basis while countries like Ghana only survive on less than 150, 000 barrels.

This commissioner will not respect himself.

If Tanoids catch you ehh

Is the commissioner still talking?

I agree with you Osinbajo,but you should have ensured steady power supply before you start to verboose.Masses don't benefit anything via casting blames.The only area I challenge your speech is the inavailability of gas in a country where more than 70% of its gas is flared daily.The change you people promised should not be a stand still

All this talk sef its action we want we want change and we didn't vote you in there to lecture us on how the previous government mishandled it we all know they mismanaged it that's why we voted you in to make changes.

Remember change na change.

www.

This man really shows that he's a mere commissioner.

Mr. Mere Commissioner, we know you are a Proff but this is NOT class room, we are tired of Analysis and Blame Game. Get to work and provide us electricity. We are not interested in details anymore, just do the job you contested and promised to do. No more Analysis and photos.

E don do.

The same obj that was saying him and buhari are the only saint in nigeria ?

Commissioner Osinbade...shebi na ppl when done commot na u still dey blame for de failure wen una won see so...well i no blame u n Daura President...if una no perform...wallai...we go boot una old weak ass3s commot there...oloshi

Let the prof says the truth, Some of you guys call him A mere commissioner but I calls him president of all Professors..
Today is my birthday...
I thank you God, for making me see another year; thanks
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Commissioner osunbade should stop talking and start producing10,000mw per year as you.promised

Well said my erudite VP.

brize:
Is the commissioner still talking?

No matter what you say and your level of attack on his persona, he is our vice president and deserves a respect.

Instead of this mere Commisioner to give us power e dey yarn plenty.

Pls stp talkn n swing into action

Forget the complaints, get the job done!

Leave out the complaints, get the job done!

shakaZuIlu:
a mere Commissioner speaking

Buhari is a terrorist

Your wretched dead slowpoke of a father in the village cannot go near his cobbler's(shoemaker) gate


Compound fool!!

That is the simple truth

A sign that we are going to experience delayed change. This is an indirect way of saying 'water don pass garri'

Anyway just 4years and we will re-evaluate our position.

Yungwizzzy:


Your wretched dead slowpoke of a father in the village cannot go near his cobbler's(shoemaker) gate


Compound fool!!

Ikpu nne i ebea

Yungwizzzy:


Your wretched dead slowpoke of a father in the village cannot go near his cobbler's(shoemaker) gate


Compound fool!!

[size=13pt]

Tajudeen why e dey pain u like dis, do u have to show ur sophisticated animalistic n jana-weedian side to abuse the guy's father....Tajudeen take heart, go n use Remi Tinubu pant to wipe ur tears....u are nothing but bloody sophisticated Remi Tinubu pant sniffer [/size]

So dis man can talk?? Ha! I didn't knw o

#commissioner osibande

Wetin this ordinary commissioner dey talk?

Ppl have started complaining about the sluggishness and slowness of the 70s year old team of buhari and his commissioner vp. If by the end of 1month they are still complaining and whining like these about past govts,then they will see the other side of nigerians. One thing I know is buhari cannot withstand 50% of the pressure gej went through with patience and calmness

This errant boy should tell his boss to start working and stop walking around like rejected corps,stop blame game after all they know all this before asking for our votes.

Don't tell us what we already know , just do ur own...We just need result...#blame game

So who is he complaining to? Someone should remind "Commissioner" Osunbade that his job is to fix things and not disturb the peace of Nigerians with rhetoric.