The Speaker of the House of Representatives, Mr. Yakubu Dogara, has said that over N2.7tn of tax payers’ money spent on the power sector in the last 16 years only bought darkness to Nigerians.
Dogara, was speaking in Abuja at the opening of a stakeholders’ dialogue on the ‘Nigerian Power Challenge: A Legislative Intervention’ on Tuesday.
He noted that nothing had changed in the sector other than the fact that it continued to consume money but produced little positive results.
The session, which was facilitated by a power supply stakeholder, Surging Gold Limited, had, in attendance, the President of the Senate, Bukola Saraki; the Minister of Power, Works and Housing, Mr. Babatunde Fashola; and some key investors.
Dogara stated that Nigerians must again begin to ask questions as it would appear that every effort made to rescue the sector produced hiccups
He added, “Perhaps, the most important question is what happened to the N2.74tn spent on the sector from 1999 to 2015?
“Why is it that the more we spend on the power sector, the more darkness we attract?
“Why are most of the companies licensed by Nigerian Electricity Regulatory Commission not able to start their projects?”
Saraki pointedly said epileptic power supply in Nigeria was the “failure of governance.”
He stated, “Wherever we go in the world, the failure is on all of us, whether we are in the private sector or those of us in the public sector.”