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We Have Clearest Pathway To Reform Power Sector – Vp Osinbajo

By Federal Ministry of Power
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The Buhari Administration has now devised a clear pathway to achieving its power sector reform objectives, according to Vice President Yemi Osinbajo, SAN. The Vice President stated this today at the State House in Abuja when he met with a delegation of officials from the World Bank (WB) and the International Finance Corporation (IFC) led by the Senior Director of the Bank’s Global Energy Practice, Riccardo Puliti.

Speaking to the delegation at the meeting which had in attendance the Minister of Power, Works and Housing, Babatunde Raji Fashola SAN, and the Minister of Finance, Kemi Adeosun, the Vice President assured that “we are completely committed to ensuring that we play our part in the arrangement and we think that this is possibly one of the clearest pathways in a long time”

He lauded the partnership between the Federal Government and the World Bank team for the commitment and support shown to the implementation of the Power Sector Recovery Programme. Osinbajo noted that the partnership with the World Bank has “helped us a great deal with the timelines and milestones that have to be achieved and also a great deal in refining our own approach to the entire reform process”.

Vice President, Federal Republic of Nigeria, His Excellency, Yemi Osinbajo SAN and World Bank Country Director, Nigeria, Rachid Benmessaoud, during a meeting with Senior World Bank Executives on Nigeria Power Sector Recovery Programme (PSRP) in the Office of the Vice President, State House Abuja, Mon. 27th November 2017.

In his remarks, Riccardo Puliti expressed satisfaction with Federal Government’s cooperation and commitment to the reform of the power sector. He noted that the partnership between the World Bank and the Federal Government is a model which would add great value to the power sector in Nigeria. Puliti equally praised the Buhari Presidency for the remarkable feat achieved in the ease of business ranking released recently by the World Bank, noting that it is a major milestone for the country’s economic reform programme.

Meanwhile, the Minister of Power, Works and Housing, Babatunde Raji Fashola SAN told journalists after the meeting, that the delegation was in the State House to brief the Vice President on the progress made by the Federal Government working with the World Bank on the Power Sector Recovery Programme. He assured that the reform programme is intended to solve various problems confronting the sector and would make the sector effective, as well as make it responsive to consumers and customers who will be ultimate beneficiaries of the on-going reform programme.