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Incorrect to blame slow economic growth on poor power supply – Fashola

Incorrect To Blame Slow Economic Growth On Poor Power Supply – Fashola

The Minister of Power, Works and Housing, Babatunde Fashola, has said that the inadequate Supply of electricity is not the reason why the country’s economy is not growing,  The Punch reports.

According to him, experts who attribute the slow growth of Nigeria’s economy to power supply challenges make such arguments without facts and are not correct. Fashola said, “At the time when we had less power in 2013 and 2014, the economy of this country was growing at 7% per annum.” He further argued that some industrialised nations such as India were still faced with power supply problems, stressing that Nigeria was importing goods from such countries.

This is also coming as he directed power distribution companies to find ways of collecting the outstanding debts owed them by public sector organisations from state governments, adding that the Federal Government had verified and given approval for the payment of its own portion of the claims. The minister stated these at a civil society engagement workshop on the Power Sector Recovery Programme in Abuja on Wednesday evening.

The post Incorrect to Blame Slow Economic growth on poor power supply – Fashola appeared first on Energy News | Oil and Gas News.



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