The Managing Director of the Benin Electricity Distribution Company, Olufunke Osibodu, has urged Nigerians not to expect any improvement in the power sector in the next five years.
Speaking at the 11th Annual Founder’s Day event of the American University of Nigeria in Yola, Saturday, Mrs. Osibodu said at least N250 billion is required annually to fix the country’s electricity sector. Reporters she said:
“And we Nigerians need to understand that we cannot do it overnight, and in addition we have to pay for it. We need to be ready as citizens also, to accept and live with the pain that we have to go through, and allow time as our friends.
As Nigerians, often we are the ones that deceive our politicians. The politicians believe that the only way to go is to promise everything immediately possible. Promise that everything is possible today so that they can get elected. But when you see that it is not, so we want to give them time and use time as our friends. It is the same story for the power industry.
When I tell my friends, that forget any improvement for the next five years, they are scared, but that is the truth. We need minimum of five years to invest before we see results. But very often, because Nigerians are impatient, we start pushing our governments and they start reversing good things they have done in various ways. So we need to be more patient.”
Mrs. Osibodu’s statements came despite the claim earlier in the year by Babatunde Fashola, the minister of Power, Works, and Housing, that the country would attain 10,000 megawatts electricity generation by 2019.
COVID-19: I won’t take vaccine, I’m not guinea pig – Bishop Oyedepo
Sheffield United relegated from EPL after defeat at Wolves
Athletic Club vs Barcelona: Messi nets brace as Barca win Copa del Rey trophy
PHOTOS: Queen Elizabeth’s Husband, Prince Philip Laid To Rest At Windsor Castle
School Girl Commits Suicide After Been Bullied By Her Mates At School (Details below)
Man proposes to physically challenged hawker after she was supported with over N14M
Nnamdi Kanu List 6 Things ESN Won’t Tolerate About The South- East Govs Establish EbubeAgu (Details below)
SO SAD!! Pastor Murdered Inside His Church In Abuja (Details below)
- News1 day ago
JUST IN: Nigerian Crop Members Might Start to Serve Abroad, See Reasons (Details below)
- Crime2 days ago
UNBELIEVABLE! Two Igbo Brothers Kill Their Blood Brother Whose Wife Is Pregnant Over Father’s Wealth (Details below)
- Crime1 day ago
See The Top Nigerian Leaders Sponsoring Bandits And Killings In The Country, This Will Shock You (Details below)
- Celebrity Gossip & Gist1 day ago
The Actress That Took Pictures With Her Son Without Wearing Any Cloth Has Been Sentenced To Prison (Details below)