The total money expended on the power sector by the Federal Government from 1999 till date, was N2.7 trillion with a marginal power generation increase of 2,850 mega watts from 1,750mega watts met on ground in 1999, making the total power generation now to be 4,600 mega watts.
This was disclosed yesterday by the Permanent Secretary, Federal Ministry of Power, Ambassador Godknows Igali, while making a presentation before the Senate’s Ad-Hoc Committee on Power at the ongoing investigative session on the sector.
The N2.7 trillion, according to Igali, were total sums of monies appropriated and cash backed for the sector during the period, in addition to $8.34 billion spent on National Integrated Power Projects ( NIPP) from excess crude accounts funds.
He explained that out of the total N1.565 trillion appropriated for the sector during the period under review, N948billion was released, in addition to N155 billion also injected into the sector in form of subsidy under the Multi Year Tariff Order (MYTO) to cushion the shortfall of funding, which when added to $8.34 spent on NIPP projects, gives a total of N2.7 trillion.
He, however, said that the sector before 1999 was even more poorly managed as there was no single engineer employed into it, and that out of the 79 generation units available before then, only 19 were functioning with power generation of 1,750 megawatts.
“Power sector investment before the advent of democratic governance in 1999 was static, which shouldn’t be so at all. [There were] no new power plants between 1991 and 1999, no new transmission line between 1989 and 1999; a very bad trend that gave successive governments from 1999 till date sleepless nights to reverse, which they eventually did up to the privatization of the sector in November 2013,”Igali said.According to him, the slight improvement experienced in power supply now across the country was due to the privatization of generation and distribution components of the sector in November 2013, one of which is the Ugheli Power Plants, generating 640 MW now from 160 MW.
The Permanent Secretary assured Nigerians that with the incidences of vandalization of gas pipelines gone, and gradual increases in power generation, power supply to every states of the federation will continually improve.
The Chief executives of the various Power Companies also made similar submissions as regards monies injected into their various units for power generation and distribution during the period under review.
But in their remarks, Chairman of the committee, Abubakar Kyari (APC – Borno North) and other members, punctured their various submissions for lack of audited reports attached to them.
The Chairman in particular said the committee was not only out to know the total monies expended on the sector during the period under review but also how the monies were spent in terms.
He, thereafter, demanded for the full audit report of the ministry of power and the agencies under it before the proper public hearing begins.
Meanwhile, the committee will today meet with the Power Distribution Companies of Nigeria and National Electricity Regulatory Commission for another round of investigative interactive session.
(Taiye Odewale, DAILY SUN)
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