Addressing the National Economic Council retreat on the economy at the State House conference centre in Abuja, Buhari said the country’s power supply situation was no longer a laughing matter, reports local media.
“In the three years left for this administration, we have given ourselves the target of 10,000 megawatts distributable power. In 2016 alone, we intend to add 2,000 megawatts to the national grid,” he said.
The media reported that the president also noted that although the energy sector has been privatised, it is “yet to show any improvement in the quality of service.”
[quote]He added: “We are facing the classic dilemma of privatisation - public interest versus profit motive. Having started, we must complete the process. But National Electricity Regulatory Commission (NERC), the regulatory authority, has a vital job to ensure consumers get value for money and that the over-all public interest is safeguarded.”
Buhari tackles power supply complaints
Buhari also acknowledged the common public complaints that have regularly surfaced including constant power cuts, high electricity bills despite power cuts, and low supply of gas to power plants.
“Others are obsolete power distribution equipment such as transformers; power fluctuations, which damage manufacturing equipment and household appliances, and low voltage which cannot run industrial machinery.
“These are some of the problems which defied successive governments. In our determination to change, we must and will, insha Allah, put a stop to power shortages,” he said.