The African Action Congress presidential candidate, Omoyele
Sowore, has knocked the Peoples Democratic Party presidential candidate, Atiku
Abubakar, over what he described as his “pretense” over the national grid
collapse.
Nigeria’s power grid collapsed again on Wednesday, as it
crashed from the 3,921.8 megawatts that was generated at 6am to as low as 50MW
around 12.23pm, causing a widespread blackout across the country.
Industry figures obtained from the Federal Ministry of Power
in Abuja showed that power generation on the grid had hit a peak of 4,091.6MW
on Tuesday.
But this dropped to 3,921.8MW on Wednesday morning, before
crashing to about 50MW, a development that led to the eventual collapse of the
national electricity grid.
However, Atiku had while reacting to the news of the grid
collapse, proposed what he described as “innovative financing” of
infrastructure that would facilitate private sector investment in the power
sector.
In a series of tweets on his Twitter handle on Wednesday,
Atiku wrote, “I am reliably informed that there was a total National Grid Collapse
at precisely 12:23pm today. This is one collapse too many. It is the 6th time
this is happening this year alone.
“Due to the priority that I place on the power sector upon
which the successes of other sectors are hinged, I am proposing innovative financing
of infrastructure that will involve the facilitation of a review of the
financial, legal, and regulatory environment to promote private investment in
power, among other sectors.
“I’ll promote the incentivisation, with tax breaks, a
consortium of private sector institutions to establish an Infrastructure Debt
Fund (IDF) to primarily mobilise domestic and international private resources
for the financing and delivery of large infrastructure projects across all the
sectors of the economy. The IDF will have an initial investment capacity of
approximately US$20 billion.
“In addition, I’ll cause the creation of an Infrastructure
Development Credit Guarantee Agency to complement the operation of the IDF by
de-risking investments in infrastructure to build investor confidence in taking
risks and investing capital. -AA”
But reacting to Atiku’s intervention, Sowore alleged that
the mismanagement of President Olusegun Obasanjo’s administration under which
Atiku served as Vice President was responsible for the recurrent grid collapse.
He wrote, “The National Electrical grid collapse started when you and Obasanjo invested $16 billion to procure darkness for Nigeria, the @MBuhari regime came to gazette grid collapse as a law. Alhaji @atiku, don’t pretend that you care about the National Grid! #WeCantContinueLikeThis”
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