Minister of state for Power, Hajia Zainab Kuchi has raised the alarm that about 120 million Nigerians, being 75 per cent of the entire population have no access to power supply in the country, a situation which she said only huge investment in the power sector could address this ugly trend.
According to her, only 40million Nigerians (about 25percent) of the country's population are currently enjoying electricity supply despite huge money spent in the sector.
This is coming barely a week after President Goodluck Jonathan presented his mid-term performance report of his administration's two years in office in which he indicated remarkable improvement in the power sector.
Briefing State House Correspondents after the Federal Executive Council (FEC) meeting at the presidential villa, Abuja alongside his state for power counterpart, Minister power, Professor Chinedu Nebo also admitted that the power situation in the country in the last three weeks had been a "Nightmare" due a combination of system failure and human sabotage.
Minister of state power, Hajia Kuchi said, "Privatization is at its conclusion stage. come July, what we need to focus on is the commercialisation of the power sector, considering where we are and the fact that we are only giving power to only 40 million Nigerians. We have 160 million Nigerians now and we are only giving power to 40 million of that population.
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