The House of Representatives is to investigate Federal Government’s Power Recovery Programme, it emerged yesterday.
The House said there were lots of differences and incompatibilities in the draft programme in spite of the huge fund committed to sector over the years.
Committee on Power has therefore been mandated to investigate the Programme with a view to resolving the incongruities in the Draft Power Sector Recovery Programme.
This followed the decision of the adoption of a motion by Yunusa Ahmed Abubakar (APC, Gombe), who noted that the distress and inefficiency that has bedeviled the power sector in Nigeria despite the privatization of power sector in September 2013.
He said: “In spite of the huge costs committed to implementing power sector projects throughout the federation, the sector has failed to deliver value as power supply has become erratic while many parts of the nation are without electricity supply.
“Wthout government intervention, the cumulative shortfall of about N1trillion will put the sector at risk of insolvency, leading to loss of investors’ confidence.
“We are conscious of the fact that the Federal Ministry of Power, Works and Housing in conjunction with the World Bank and other institutions has created a Power Sector Recovery Programme [PSRP] with a view to attaining financial viability for the sector and to rehabilitate the Nigeria electricity supply industry.
The motion was unanimously adopted after it was put to a voice vote and the Committee was given four weeks to carry out its assignment.