Minister of Power, Works and Housing, Mr Babatunde Fashola, SAN
Minister of Power, Works and Housing, Mr. Babatunde Fashola SAN, has advised industrialists, directors and other employers of labour in the country not to panic or downsize their staff in the face of current power supply challenges, saying the Federal Government has put a roadmap in place that would ensure progressive power supply from incremental to steady and then uninterrupted power supply nationwide.
Speaking at two major events – the Quarterly Business Luncheon of the Institute of Directors (IOD) and the 13th Distinguished Electrical and Electronics Engineers Annual Lecture, Fashola, who was Guest Speaker at the IOD Business Luncheon, underscored his optimism that the current challenges facing the power sector would be over soon.
He assured that the Muhammadu Buhari administration was committed to ensuring a sustainable power supply in the country.
The minister, who was also Guest of Honour at the Distinguished Electrical and Electronic Engineers Annual Lecture of the Nigerian Institution of Electrical and Electronic Engineers (NIEEE), told the industrialists, entrepreneurs, directors and other employers of Labour in the Organised Private Sector not to panic by downsizing, shutting down or laying off their staff, saying that the nation would overcome the challenges of unsteady power supply just as it had overcome other critical national challenges.
Establishing the context within which to analyse the current situation in the power sector, Fashola traced the evolution of the country’s electricity industry to the 1950s when the nation’s electricity was managed by the Electricity Corporation of Nigeria (ECN) which later gave way to the National Electric Power Authority (NEPA) which finally handed over to the Power Holding Company of Nigeria (PHCN).
In all those transitions, the generation, transmission and distribution of power was in the hands of the government which also issued meters, he stated.
Fashola said he inherited …Read More
Source:: PM Newspaper