Atiku Weighs In On Electricity Issues, Declares He Has No Interest In Generator Company

Atiku Weighs In On Electricity Issues, Declares He Has No Interest In Generator Company

The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar has pledged to lead Nigeria out of darkness if elected President in 2023.

The promise is coming amidst the National Union of Electricity Employees (NUEE) strike saga.

On Wednesday, the union had shut down power stations over welfare issues.

However, NUEE, after its meeting with the Minister of Labour, Dr Chris Ngige, suspended the strike for two weeks.

Sharing his thoughts on the power situation in the country, Atiku via a statement made on Facebook said that he has no interest either directly or indirectly in any generator company.

He stated, “In this regard, my approach is to first remove the entire electricity value chain from the exclusive list and give states the power to generate, transmit and distribute electricity for themselves. An industrial dispute with the FG in Abuja should not affect an industry in Lagos or a factory in Aba or in Kano or even an average Nigerian who just wants to get home, watch the news and sleep under a ceiling fan.

“Secondly, my policy shall aim at achieving greater coordination of investments in the entire electricity value chain. Investments in additional generation capacity are futile without consideration for the complementary transmission and distribution infrastructure to wheel the additional energy.

“Any investment in additional generation capacity would be competitively procured considering a viable mix of renewable (hydro, solar, wind and biofuels) and non-renewable (coal, gas) options for energy security

“In this regard, we shall incentivize private investors to invest in the development of multiple green-field mini-grid transmission systems to be looped into the super-grip in the medium to long term while allowing the FG focus on policy, regulation, and standardization.”

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