Power Situation’ll be Better in Couple of Years — Osinbajo

yemi-osinbajoVice President Yemi Osinbajo
  • Power Situation’ll be Better in Couple of Years — Osinbajo

Vice-President Yemi Osinbajo has said that with the various efforts being made by the Federal Government, the power situation in the country will be better “in the next couple of years.”

He also said with the commitment being displayed by the government, the country would soon achieve maximum security.

Osinbajo said these at a business dinner he hosted on the sideline of the 2018 World Economic Forum in Davos, Switzerland, on Wednesday.

The Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, made a copy of his speech available to journalists on Thursday.

“So we think that, in the next couple of years, we will have a power situation that will certainly be a lot better than what we are experiencing today,” Osinbajo said.

He stated that the Federal Government was trying to address some of the problems being witnessed in the country.

Osinbajo added that the government let go of power marketing in such a way that many players could come in to do more from generation to distribution.

He said emphasis was also being placed on transmission because it had been discovered that it remained one of the critical areas.

Osinbajo stated, “Transmission and distribution are critical areas for us and we are working very hard to ensure that we are able to do a lot with some of the transmission and the distribution assets that we have. l know that a lot of those who are here are converts, or at least people who do business and want to continue to do business in Nigeria.

“l want to thank you for the support you have given us over the years and hope that you will not only maintain that support, but also work with us in being able to create a better business environment and being able to do the kind of businesses that can be done in Nigeria.”

About the Author

Samed Olukoya
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 long experience in the global financial market. Contact Samed on Twitter: @sameolukoya

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