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Fashola Charges Gencos, Discos To Perform Or Face Dire Consequences

Fashola Charges Gencos, Discos To Perform Or Face Dire Consequences

Worried by the slow progress made in the power sector, the Minister for Power, Works and Housing, Mr. Babatunde Fashola, at the 14th monthly meeting of Power Stakeholders held yesterday at the National Control Centre (NCC), Osogbo has charged all stakeholders in the power sector to adhere strictly to all conditions in their contracts with the federal government or face dire consequences, Vanguard reports.

Addressing the gathering, Mr. Fashola said all the investors in the power sector were aware of the opportunities and challenges before entering into agreement with the federal government and investing in the sector, stressing that the present administration is prepared to implement to the letter, all conditions stipulated in the contracts signed with it by investors in the sector.

On government’s part, he assured investors in the sector of the commitment of the federal government towards provision of a conducive environment that will enhance their businesses. Fashola, who said efforts are on to facilitate more payment of debt owed power distributors by federal government, noted that operations in the power sector are largely in the hands of private operators and so must be made to fulfill their mandate to Nigerians.

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