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Home Business News

Peter Obi promises to declare war on power sector

Chike Olisah by Chike Olisah
January 16, 2023
in Business News, Energy, Politics
Peter Obi

Presidential candidate of the Labour Party, Peter Obi

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The presidential candidate of the Labour Party, Peter Obi, has said that he plans to declare war on the power sector if elected into office as the country’s president in the upcoming general election.

This was made known on Monday by Obi while speaking at the world’s leading policy institute and think-thank forum, Chatham House in the United Kingdom, where he went to discuss his plans.

Obi to dismantle the structure that has impoverished Nigerians

  • Obi in his statement said, “You have heard them say we don’t have structure; that is the structure we are trying to destroy – the structure of criminality that Nigeria is being held captive; that structure is the structure that has impoverished Nigeria. We’ll dismantle it. It will not be there. I assure of you.”

The LP Presidential candidate to solve the power problem

  • Obi added, “You have heard them say we don’t have structure, that structure is the one that has dismantled Nigeria. We will destroy that structure of criminality, I assure you of it.
  • “We’re going to turn around the power sector. Nigeria today generates 5,000 to 6,000 megawatts for 200 million people and South Africa, the second biggest in terms of the economy on the continent, 60 million people, generates over 40,000 megawatts, yet, they have declared an emergency in the power sector.
  • “I have said that anyone can generate up to 100,000 megawatts with our licence.
  • “If a country with a 60 million population generating over 40,000MW is declaring an emergency on power, what do you think somebody with two million people generating 5,000 to 6,000MW will do? War!
  • “I am going to declare war on power and I will solve it. Anybody who stands in the way, so be it.”

For the records

  • Recall that earlier on December 5, 2022, the presidential candidate of the ruling All Progressive Congress (APC), Bola Tinubu, made an appearance at Chatham House in London, where he was invited to speak on his plans for Nigeria if elected president in the February 2023 presidential election.
  • Tinubu at the event revealed some of his plans for major sectors like education, technology, defence and security, economy, and others.
  • Also in an earlier report, the Chairman of the Independent National Electoral Commission (INEC) Mahmood Yakubu; and the flag bearer of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso, are also expected to speak at Chatham House later in the week.

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Tags: Chatham Housegeneral electionLabour PartyNigeria Power SectorPeter Obi
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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