- We don’t need any world bank loan
- Just let DISCOs give government a percentage of their concessioning and we would power Nigeria in 6-8 months
By Monsuru Olowoopejo; Rescued from March 9, 2015
Governor Babatunde Fashola of Lagos State, yesterday, said the solution to the problem of power sector could be achieved in six months if the Distribution Companies, DISCOs, were ready to yield some percentages of their concessions to the state government.
Fashola made this statement at the commissioning of the 1.2 kilometer Glover Road and 8.5 megawatts, Peninsula Integrated Power Project, PIPP, Lekki, Eti-Osa Local Government Area.
The governor, while commissioning the fifth IPP, said: “Let the EKO DISCOs sign a contract with me, giving part of their concessioning to the state government.
In about six to eight months, there will be power in all homes in Lagos State. “So, let no one say that he has no money to deliver power for the entire country. This is the limit to which the law allows us to do, but we have done this to make a statement that power can be generated.
“So, when they come with lies that power is impossible, you can tell them that we have power here; we make it possible.”
He opined that the project showed that the money to improve the Nigerian economy is here, “since we don’t need the World Bank to come and do this for us.”
Published in: vanguardngr.com March 2015.