We can’t fund power sector –Jonathan

0

FROM  ISAAC ANUMIHE, ABUJA

Federal Government yesterday said that it is incapable of meeting the huge financial demands of Nigeria‘s power sector, while attributing the poor state of agriculture to poor electricity supply.

Declaring  open  the  19th Nigerian Economic Summit packaged by the Nigerian Economic Summit Group and   National Planning Commission as well as  the Federal Ministry of Agriculture, President Goodluck Ebele Jonathan, stated that  there was no way issues on the development of the agriculture sector would be discussed without talking about  availability of regular electricity.

He said that the provision of electricity in the country had been poor over the years  because it was  left for government to shoulder alone, noting that there was no way it could handle the provision of electricity.

The president therefore called on the private sector to invest in the power sector for better results.

Jonathan stated that government needed to fast track the on-going power sector privatization process in order to reduce problems associated with irregular power supply.

According to him, the government had almost concluded the privatization of electricity distribution and generation companies, assuring that the Federal Government, along with private investors, would take care of the transmission aspect of power generation.

On agriculture, Jonathan urged Nigerians to see agriculture as a profession which should be taken seriously like other vocations, such as law, medicine, accountancy among others.

He said that he was elated that the Federal Ministry of Agriculture, in its Agriculture Transformation activities   are changing the perception of the Nigerian youths to agricultural activities as many of them are now into full-time agriculture  business.

He assured Nigerian farmers of access to credit, disclosing that the ongoing nationwide registration of farmers which included biometric registration and collection of other data would give the Federal Government the leverage to guarantee low interest rate to the farmers, knowing full well that they are not ghost farmers.

In his remarks, the Minister of Agriculture, Dr Akinwumi Adeshina said  that the Agriculture Transformation Activities of his ministry had changed the perception of people to agriculture practices because bankers are now leaving the banking sector towards agriculture.

The theme of this year’s event is: Growing Agriculture as a Business to Diversify Nigerian Economy.

 

24 yrs boy started importation with N10,450. Read his story here!

Men, forget Viagra. Use these to increase your manhood size & strength

How watermelon made a Benin boy over N1,000,000 in 73days

How to start a profitable importation biz with as low as N10,000 only

Superb premature ejaculation spray. You 'll last 30minutes+

How to earn 40k-200k monthly from football matches almost on autopilot

3 Things I did to cure premature ejaculation after my wife left me

Small manhood and premature ejaculation limited my performance for 4yrs!

7 Simple yet amazing steps to earn over N200,000/monthly. Click here

How to get flat belly in just 9 days. Click here!

Free Download! How to earn N200,000 monthly from importation business

Click here now if you are interested in earning at least N7,500/daily

How a young Nigerian generate over N1,000,000/month via digital marketing

Generate as much as 150k-250k profit from your football betting investment

Incredible special offer! Amazing business that earns you N200,000/month

Apply for Mr Johnson visa lottery for Africans into Canada, USA and other countries

Exposed! How 23yrs Ijebu boy makes N270,000 with Facebook. Read story!

How an undergraduate became millionaire online in less than four weeks

I earn N353,780 monthly online. Click to see how

Make N250,000 to N500,000 monthly on information marketing online here

Work from home and get paid at least $1000 weekly!

Share.

About Author

Leave A Reply