FG will support investments in power sector – Osinbajo
Vice-President, Prof. Yemi Osinbajo, on Friday assured investors that the Federal Government would continue to support investments to improve the nation’s power sector.
Osinbajo made this known when he paid a visit to the 460-megawatt Edo-Azura power plant in Ihovbor community, in the Uhunmwonde Local Government Area of Edo State.
He explained that the Federal Government was concerned about increasing power generation and supply and would provide the needed support for private businesses interested in the sector.
According to him, “All that we need to do is what we are doing, which is creating the environment for the private sector to thrive. As you know, this is a privately owned plant but with the active support of the government, which explains why I am here.
“So, giving all the support that we can (and) ensuring that the environment is right for those who want to invest in the power sector is what we will do and that is what we will continue to do.”
The vice-president described the Azura-Edo power plant as an impressive project making meaning contributions to the national grid and leaving the power situation in the country greatly improved.
He also noted that the plant reflected the capacity of the Nigerian enterprise.
Osinbajo said, “It (power plant) has already taken off and we are already seeing positive effects, with this amount of generation coming on to the grid. So, it has taken off and, as you can see for yourself, it is an excellent project.
“It is one that demonstrates the capacity of Nigerian engineering and Nigerian enterprise. So, it really is impressive.
“With 460 megawatts of additional power, with the quality of this particular plant, I think that we are on to a very good thing and, of course, giving the capacity to increase generation from here, I think that it is very positive.”Punch