The Minister of Power, Prof. Bart Nnaji, disclosed on Tuesday that the Power Holding Company of Nigeria had incurred debts worth about N400bn and should be wound down so that it would not continue to incur more.
He said this at the ministerial platform anchored by the Minister of Information, Mr. Labaran Maku, in Abuja.
Nnaji also added that in the new regime of
electricity tariff being planned by the Federal Government, poor urban
dwellers as well as all rural dwellers would enjoy subsidy.
He also disclosed that the Federal Government planned
to generate 40,000 megawatts of electricity by 2020 in order to support
the country’s vision of being among the 20 largest economies in the
world by that date. Nigerians can this ever be possible? share your comments with us.
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