Fashola Re-States FG’s Commitment To Stabilise Power Sector

Fashola Re-States FG’s Commitment To Stabilise Power Sector

The Minister of Power, Works and Housing, Mr Babatunde Fashola, has said that the Federal Government is committed to formulating policies to address the liquidity issues in the power sector, The Herald reports.

Fashola gave the government position in a communiqué issued at the end of the power sector operators meeting in Osogbo on Monday. He said one of such government polices was the Power Sector Payment Assurance Guarantee, designed to ensure the payment of services rendered by the electricity generating companies in the country.

According to him, the policy will ultimately bring about stability of liquidity in the sector. Fashola said it was important that all stakeholders remained committed to their various roles of supplying and distributing power to ensure effectiveness of the sector. The minister said the purpose of the Nigerian Electricity Supply Industry (NESI) was to ensure that citizens had access to safe and reliable power.

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