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Tuesday, 3 May 2016

FG TARGETS 7,000MW IN 18MONTHS TO BOOST ELECTRICITY

Tuesday, May 03, 2016 Posted by Anonymous No Comments

VP Yemi Osinbajo

Vice-President Yemi Osinbajo said on Monday that the Federal Government was planning to generate 7, 000 megawatts of electricity for the nation within the next 18months.

The vice president stated this at the Trenchard Hall, University of Ibadan, Ibadan.

Osinbajo stated that power remains a major challenge the Federal Government had been facing, and which the government was determined to solve.

He said that the most important part of the budget would focus on ensuring that the weak aspect of the power value chain was restored.

Osinbajo said that the nation was faced with the problem of conveying gas to the power plant, adding that the pipeline, which remained the easiest method, was frequently facing vandalism.

He said that President Muhammadu Buhari had two weeks ago ordered full mobilisation of the military for the protection of pipelines in the country, TV360 reports.

The Vice-President said that the Federal Government would, in a few days time, begin the implementation of the 2016 budget, which he described as the most ambitious in the history of the nation.

According to him, the budget is not only ambitious in size but also more in its broad range of fiscal policies. Our strategic implementation plan proposes 33 action points.

Osinbajo said that for the first time in three years, the nation would have 30 per cent of the budget going for capital expenditure, a percentage that was three times higher than the last budget.

He said that the capital expenditure would take care of several aspects of infrastructure, particularly rail, road and power.

According to him, the rail link between Lagos and Kano as well as the one between Lagos and Calabar will be captured.

He said that government had budgeted that by July, 65,000 youths would be trained in software and hardware, adding that government’s aim was to build a reservoir of technologists.

Osinbajo also listed the training of 370,000 Nigerians in various vocations, conditional cash transfer to the poor and loan facilities for market women as part of the programmes to be expected.

He said that the administration would ensure that corruption has consequences, adding that no public officer who steals would go scot-free.

The Vice-President described the moment as that which Nigerians must come together to ensure that things work in the building of the nation of everyone’s dream, Tv360 gathered.