Vice President Yemi Osinbajo has assured that in the next one and a half years, Nigeria will be able to generate 7,000 megawatts of electricity. He also attributed the decline in power generation to pipeline vandalism at Vocaldos.
Osinbajo agreed that power generation was a dominant problem confronting the country, but he asserted that the focus of the government was to ensure that the value change was restored. He said there had been a problem with transmission to power plants.
According to him, the problem of laying the pipeline to the plants due to vandalism had reduced gas supply by 40 per cent and power and electricity to 1,000 megawatts.
“We are not only producing more gas; to pipe it to the plants is the problem as many pipelines have been vandalised,” he lamented.
Osinbajo declared that Nigeria had lost $15 billion to corruption and corrupt activities, but he insisted that there had been sustained fight against corruption in the current administration.
On diversification of the country’s economy from oil to agriculture, Osinbajo said that the country would be self-sufficient in rice, wheat, tomatoes and cashew in the next two years.
He revealed that four technology hubs would be established in Lagos and Abuja, while one each would be in the six regions of the country. He said with the support of some countries, the hubs would be equipped with infrastructure.
The Vice President reiterated the Federal Government’s desire to carry out the school children feeding programme, and said it would be replicated in states of the federation, adding that the states were expected to leverage on agricultural produce to feed the pupils.
