Osinbajo says 50 million Nigerians have no electricity

Vice President Yemi Osinbajo on Monday said 50 million people out of the nation’s 180 million population have no access to electricity.

Osinbajo said in his keynote address at the Financial Times Africa Summit holding in London

The Vice President told the gathering that as part of the present administration’s efforts to diversify power sources in order to improve access, it had started a programme of providing solar power in 20,000 homes in rural villages.

Osinbajo stated that the Federal Government invested N1.3tn in infrastructure in 2016, making it the largest capital spending in the country’s history.

He added that the government was ready to increase the figure in the 2018 budget.

He said Nigeria recently announced the commencement of the process for the concession of its major airports with a view to attracting world-class investors.

He added that wisdom today was in letting the private sector invest wherever it could and in practically any sector of the economy.

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