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My Govt’s Performance in Power Supply not Good Enough –Buhari

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  • My Govt’s Performance in Power Supply not Good Enough –Buhari

President Muhammadu Buhari admitted on Wednesday that the performance of his administration in the power sector was “not good enough”, saying that this called for more efforts by Electricity Distribution Companies to provide the needed resources and technical expertise.

He stated that the Federal Government would play its own part by improving the transmission of electricity.

Buhari spoke in Abuja when the Oba of Benin, Omo N’Oba N’ Edo Ewuare II, led members of the Edo State Council of Traditional Rulers and chiefs on a visit to the President at the Presidential Villa.

The Oba, who sought the President’s intervention on the power supply situation in Edo State, had described it as a “pathetic situation.”

But Buhari appealed to Nigerians for calm, while urging them to be patient with the Discos to deliver on their mandate.

A statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, quoted the President as saying that though his administration had put in its best to improve power in the past years, especially improvement in gas supplies, the performance was not good enough.

“We are building infrastructure. We are doing our best, but, obviously, our best is not good enough yet”, the Presidency quoted Buhari as saying.

Buhari praised the monarchs for their combined efforts in tackling trafficking in persons and rehabilitating the victims, who were repatriated back home.

“I am pleased that you have taken up the fight against human trafficking and I know the effect of your intervention will be felt beyond our borders,” the President told his visitors.

Buhari spoke on the Benin-Abuja Road project and his administration’s efforts to develop the agricultural sector, “promising that more will be done to diversify and strengthen the Nigerian economy.”

Oba Ewuare II, while congratulating Buhari for winning a second term, prayed God to guide him in picking a formidable cabinet.

He seized the opportunity to call on Buhari to give two ministerial slots to Edo State.

“We pray the Almighty God to help you put in place a formidable team of men and women of proven integrity that will join you to take this nation to the next level.

“Considering that Edo State is the only All Progressives Congress state in the South-South, may we crave Mr President’s indulgence to have two (ministerial) slots,” he said.

The monarch also appealed to the President to urgently intervene to resolve the political disagreement between Governor Godwin Obaseki and the National Chairman of the APC, Mr Adams Oshiomhole.

Ewuare II added, “Mr President, we as traditional rulers in Edo State are concerned about the crisis between Adams Oshiomhole, the APC National Chairman and Governor Obaseki.

“If this crisis is not resolved now with immediate effect, it may jeopardise the progress of the state.

“On behalf of the good people of Edo State, we kindly appeal to Mr President to use your good offices to intervene and stop this crisis.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Economy

Delta State Gov Okowa Presents N378.48 Billion Budget for 2021

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Ifeanyi Okowa Presents N378.48 Billion Proposed Budget for 2021

The Executive Governor of Delta State, Senator (Dr) Ifeanyi Okowa, on Tuesday presented a N378.48 billion budget to the state’s House of Assembly for consideration for the 2021 fiscal year.

The budget christened “Budget of Recovery” appropriated N207.52 billion for Capital Expenditure while Recurrent Expenditure was allocated N171.32 billion.

According to the Governor, capital expenditure accounted for 54.76 percent of the budget while 45.24 percent represented recurrent expenditure.

He explained that the allocations were in line with his administration’s agenda of spending more on projects and programmes that would impact positively on the socio-economic well-being of the people of Delta.

The proposed budget for 2021 is N96.2 billion or 34.05 per cent more than the N282 billion approved for 2020.

The governor said that the 2021 budget proposals reinforced the state government’s commitment to road infrastructure, education, health, job and wealth creation programmes as the principal-drivers of the Stronger Delta agenda.

According to him, N113 billion, representing 89.94 per cent of the capital budget is allocated to the economic sector while N35 billion is allocated to the social sector; the administration sector got 10.93 billion and the regional sector, N42 billion.

“In 2021, we propose to spend N66.66 billion on Road Infrastructure; N6.79 billion on Health; Education will gulp N23.55 billion; Agriculture, N2.04 billion and Water Sector, N1.83 billion.

“Job and Wealth Creation Bureau will gulp N1 Billion and Youth Development, N1.25 billion. These key sectors are very essential in our 2021 budget,” Okowa said.

Okowa also explained that due to the negative impact of COVID-19 on the economy and the world at large, government spending was significantly affected by the global pandemic and that Delta was no exception.

The governor, therefore, stated that “the proposed 2021 Budget for Delta is primarily focused on protecting and supporting our people in a COVID-19 environment, accelerating infrastructural renewal, incentivizing growth, enhancing job creation, engendering social inclusion and developing sustainably.

“Overall, the proposed 2021 Budget is predicated on inclusive economic growth that is sustainable and people-centred, with strengthening fiscal sustainability through increased efficiency in spending, improved revenue mobilization and debt sustainability.

“It also entails improving processes and systems in Public Financial Management, and Monitoring and Evaluation, to bolster better public sector service delivery.”

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Economy

FG to Create 5 Million Jobs for Nigerian Youths in the Power Sector

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Federal Government Plans to Create 5 Million Jobs for Youths in the Power Sector

The Federal Government is working on creating at least 5 million jobs for Nigerian youths in the power sector, according to the Minister of Power, Engr. Sale Mamman.

The minister, who spoke at a stakeholder meeting in Jalingo, Taraba State, said the youths should foster peace and harmony as the Federal Government, in line with some of their demands, is working on creating massive job opportunities for them in the power sector.

He said the initiative is part of president Muhammadu Buhari’s plans to lift 100 million people out of poverty within 10 years.

Mamman explained that the youths will benefit from the Siemens Presidential Power Initiative as more opportunities will be available in renewable energy, installation and the maintenance of meters.

He said: “Plans are ongoing to kick start this and it is being designed to ensure that majority of the firms and the installers are Nigerian youths. This is also part of the commitment of President Muhammadu Buhari’s focus on lifting 100 million people out of poverty within 10 years.

“From the briefings I have received so far, the youths are taking up opportunities in this aspect as well as in renewable energy. This is another way the government will be empowering young Nigerians as the local assembly; installation and the maintenance of these meters are largely handled by our industrious youths.”

“The minister urged the youths to vigilant and resist and attempt by some people to use them to incite violence for their sinister motive, noting that the Federal Government was tailoring more programmes for the youths through the Siemens Presidential Power Initiative and in building capacity on renewable energy.”

“There is the assurance of Mr. President that Nigerians will be beneficiaries of the Siemens project which will turn around the power supply situation of Nigeria. When this happens, industries will be revived and SMEs driven by youths will thrive more.”

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Economy

Lagos Loses N1 Trillion to #EndSARS Protest, a Year Budget – Gov

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Lagos Needs N1 Trillion to Fix Vandalised Infrastructure, a Year Budget – Gov

The Governor of Lagos State, Babajide Sanwo-Olu, has puts the total economic cost of past week destruction and vandalism in the state at about N1 trillion.

Sanwo-olu, who spoke with the speaker of the House of Representatives, Hon. Femi Gbajabiamila, that was on a fact-finding visit to Lagos on Sunday, said the state may spend up to N1 trillion to fix damages done to infrastructure.

Speaking on the situation, Femi Gbajabiamila, said “The House of Representatives will do all it can to compensate all those who suffered brutality including policemen that lost their lives in the process.

“Also whatever the house can do in rebuilding Lagos and other states it will do. We are now in a state of reconstruction. What must be done will be done.

“I learnt from the governor of Lagos State that it will take N1.0 trillion to rebuild what had been lost and I asked him what is the budget size of the state he said about N1.0 trillion. You can see we are moving backward.

Rotimi Akeredolu, Chairman of the South West Governors, who was part of the visit, stated, “We are indeed surprised at the extent of damage to lives and properties in Lagos. We will be right to say Lagos was turned into a war zone.

“We are deeply concerned with the ease with which public buildings, utilities, police stations and investments of our people have been burnt despite the proximity of security agencies to those areas. However, while responding to the total number of government’s buildings burnt among others,” Lagos State Commissioner for Information and Strategy, Mr Gbenga Omotoso, stated.

We are still counting. The state is still taking inventories of all that happened and not until all that is concluded we can’t not ascertained for now the total number of burnt structures. But I can tell you it’s very huge.

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