President Muhammadu Buhari has promised his administration would target 10,000 Megawatts of electricity within the space of 3 years.
Admitting the sorry situation of power supply in the country is no laughing matter, Mr Buhari pledged to make steps that will stop to power outage.
Buhari said this at the opening of the National Economic Council’s economic retreat held in the old Banquet Hall of the Presidential Villa, Abuja.
He said, “Nigerians’ favourite talking point and butt of jokes is the power situation in our country. But ladies and gentlemen, it is no (longer) laughing matter. We must, and by the grace of God, we will put things right.
“In the three years left for this administration, we have given ourselves the target of 10,000MW distributable power. In 2016 alone, we intend to add 2,000MW to the national grid.
“This sector has been privatised but has yet to show any improvement in the quality of service.”
Buhari said his administration was facing a dilemma in the privatisation programme initiated by the past administration.
This notwithstanding, he said his government would complete the process.
He added, “We are facing the classic dilemma of privatisation: Public interest vs profit motive.