A Member National Working Committee of the ruling All Progressives Congress, APC, Hon Tolu Bankole, has said the presidential candidate of the party, Bola Tinubu’s administration will stabilise the national power crisis by building on robust foundation laid by President Muhammadu Buhari.
Recall that President Buhari during the budget presentation on Friday, October 7, 2022 highlighted the transformational strides that have been made in Nigeria’s challenging power sector, among which are the; huge investments in the power sector reforms supported by World Bank, International Finance Corporation, African Development Bank, JICA and the Central Bank interventions to roll out over a million meters to on-grid consumers, creating much needed jobs in assembly and installation.
Bankole while reacting to the budget presentation in a statement signed on Wednesday, said the right presidential candidate to sustain the budget especially in the power sector is Bola Tinubu. “One is better prepared to sustain these gains than an APC administration led by Asiwaju Bola Ahmed Tinubu. “With a Tinubu President in 2023, the new administration will continue his trail blazing partnership and encourage active private sector involvement in the generation and distribution of electricity.
“Energy experts have revealed that with the required maintenance and monitoring, state electricity markets will undoubtedly influence an increase in Gross Domestic Product (GDP) growth of 12%. “In tandem with the call for state electricity markets as against state owned electricity market, Tinubu will emphasize generation of environmentally friendly power in different parts of the country taking advantage of the natural endowment and peculiarities of each state.
“Off-grid options such as solar at very affordable rates for individuals and households will be encouraged. There shall be a deliberate regime friendly policies toward acquisition and usage of solar energy in the country.
” This will result in whole scale acquisition of the solar technology skills/ technical know- how, by Nigerians via capacity training, scholarship and internship to scale up the much needed manpower in the power sector and employment in Nigeria.
” Industries will be incentivised to generate their energy with support from government, through tax holidays and friendly importation arrangements of power equipments. Government will give sovereign guarantee to individuals and corporate organisations with wherewithal to venture into generation and direct sale of power to companies and individuals.
State government will be encouraged and supported to do same thanks to the Electricity Bill 2022. “He will sustain the Siemens Power Program with the goal to upgrade existing energy infrastructures and and promptly replace moribund ones to guarantee efficiency in the complex power matrix and optimality in revenue collection.
“A vote for Tinubu Presidency in 2023 General elections is a vote for competency in solving the endemic power sector crisis once and for all in a manner that will lead to comprehensive, affordable, available, safe and constant power for Nigerian homes, investments and industries.
