Nigeria needs $ 90 bn to restore power

Feb 02, 2008 01:00 AM

Chairman, House Committee on Power and Steel, Hon. Ndudi Elumelu, has said Nigeria needs about N 105 tn to restore and stabilise the power sector.
Elumelu said a recent study revealed that N 105 tn ($ 90 bn) would be needed to generate 60,000 MW of electricity.

He said the leadership of the House of Representatives made three recommendations towards solving the problems in the power sector.
"The recommendations were: the in-put, out-put and out-come", the committee chairman said.

Elumelu urged Nigerians to "write to us by way of memorandum. As we are working on the proposed budget, whatever they send would form part of the in-put. What we bring out becomes part of the in-put, having passed the budget which is the out-put.”
"We now go on weekly or monthly bases to check the outcome, the outcome is the implementation by the executive. We are backed by law to carry out oversight functions, which include such issues of how funds released to government organisations are spent", Elumeluexplained.

Source / This Day
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