The Minister of Power, Prof. Chinedu Nebo, has expressed concern over the funding mechanism used to finance power projects
The Minister is calling for a special intervention fund for the power sector, besides budgetary allocations.
Prof. Nebo, in an interview with some journalists in Abuja, said unless something serious happens to ensure power projects are not stopped midway, the sector was at the risk of total collapse.
He argued that power projects are very sensitive and abandoning them would lead to the failure of the whole process and meant a return to square one.
He said: “When Power Ministry begins a project, that project remains uncompleted until it is completed. So if you cut off the fund midway or two third way or three quarter way, they remain like that.”
The Minister said the federal government should consider sensitive projects as those of power when preparing budgets and disbursing funds to ministries.
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