All NewsEnergyNewsTop News

National grid collapse started with you, Obasanjo, Sowore tackles Atiku

Abolaji Ayodeji
Omoyele Sowore, presidential candidate of the African Action Congress has slammed Atiku Abubakar, presidential candidate of the Peoples Democratic Party over his comment on the collapse of the national grid.

Atiku had tweeted “I am reliably informed that there was a total National Grid Collapse at precisely 12:23 pm today. This is one collapse too many. It is the 6th time this is happening this year alone.


“Due to the priority that I place on the power sector upon which the successes of other sectors are hinged, I am proposing innovative financing of infrastructure that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.

“I’ll promote the incentivisation, with tax breaks, a consortium of private sector institutions to establish an Infrastructure Debt Fund (IDF) to primarily mobilise domestic and international private resources for the financing and delivery of large infrastructure projects across all the sectors of the economy. The IDF will have an initial investment capacity of approximately US$20 billion.

Withdrawal of Abia poly accreditation an indictment of govt – ASUP

“In addition, I’ll cause the creation of an Infrastructure Development Credit Guarantee Agency to complement the operation of the IDF by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital, -AA”.

Reacting, Sowore stated that the national grid collapse started during former President Olusegun Obasanjo’s administration.

“The national grid collapse started when you and Obasanjo invested $16 billion to procure darkness for Nigeria, the @MBuhari regime came to gazette grid collapse as a law. Alhaji
@atiku, don’t pretend that you care about the National Grid! #WeCantContinueLikeThis,” Sowore reacted.

Show More

Related Articles

Leave a Reply

Back to top button