• Latest News

    Fashola Dispels Notion Of Imminent Nation-Wide Power Shut-Down

    Against an earlier statement of possible shut-down of the country’s power supply over cash liquidity and gas supply difficulties in the power sector, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has faulted such claims, describing it as “inflammatory and insensitive to Nigeria’s national security,”

    The minister made this known at the opening ceremony of the Power Nigeria Agenda 2016, yesterday in Lagos.

    It will be recalled that the Managing Director and Chief Executive Officer, Egbin Power Plc, Mr. Dallas Peavey Jr, had warned that the country’s electricity woes may worsen in the coming weeks as liquidity and gas supply issues continue to threaten operations of Egbin, noting that owners of the plant might be forced to consider shutting it down if the challenges remain unresolved.

    Dispelling the remarks, Fashola said: “If the commentator was not introspective, he would mention that the debts were not incurred by this administration, and that debt and settlement are continuous events in the power value chain; bills are served, claims are made, they are verified and settled.

     Also, he would have spoken about approval and payment that have been made this year. It is a continuous verification for claims and settlement of debts. All of the debts that are owed and legitimately contracted, verified will be paid.”
    • Blogger Comments
    • Facebook Comments


    Post a Comment

    Item Reviewed: Fashola Dispels Notion Of Imminent Nation-Wide Power Shut-Down Rating: 5 Reviewed By: 234Today Screen 234Today Screen
    Do You Have Articles, Advert Or Music You Want To Promote... Contact Us:- Whatsapp/Call: +2348143045485, BBM: 590B1DC3, Email: [email protected]
    Scroll to Top