Nigeria Spends $5bn On Generators Every Year – Dogara


Speaker of the House of Representatives, Yakubu Dogara, has said that $5 billion are spent on generators every year by Nigerians, adding that this is unacceptable.
Dogara made this known during a Public Hearing on the review of legislation on power, yesterday in Abuja.
This is just as the Minister of Power, Works and Housing, Babatunde Raji Fashola, noted that the problem of power was not much of lack of enabling laws but its implementation.
Fahola, who was represented by the permanent secretary in the ministry, Louis Edozien, noted that many of the problems are not matters of law at this stage, adding that the issues relate more to full implementation of the law, full implementation of its provisions and application of sanctions.
The speaker who was represented by the Minority Leader of the House, Hon. Leo Ogor, noted that the legislature would support the executive arm of government to find a permanent solution to the power problem in Nigeria.
However, Dogara explained that the House is reviewing some of Nigeria’s energy laws in order to provide an appropriate legal framework that will facilitate the exploitation of renewable energy to the benefit of the Nigerian economy.
“Power is arguably the single most important driver of the national economy. Indeed, it is difficult if not impossible to imagine modern life without power.Our industries and factories need electricity to run; and so do our offices, homes and businesses. It is estimated that Nigerians spend about $5 billion US Dollars yearly to fuel their generators. This is an unacceptable situation and the House of Representatives stands ready to support the Executive arm of government to put a stop to this state of affairs,” he said.
The speaker added that renewable energy as a source of clean energy is environmentally friendly and is crucial to the economy of the future.
“We can only be self-sufficient in the energy field when we combine all of our energy resources such as wind, solar, hydro, biomass, bio-fuel, landfill, sewage gas, solid waste, geothermal energy, ocean energy etc. Renewable energy sources are natural and often replenish itself,” he said.
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Source: News


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