Archive Nigeria: Senate to probe Goodluck Jonathan, previous administrations for...

Nigeria: Senate to probe Goodluck Jonathan, previous administrations for mismanaged funds in power sector

-

- Advertisment -

Nigeria’s Senate formed an ad-hoc committee yesterday to probe the administrations of former presidents Goodluck Jonathan, Umaru Yar’adua and Olusegun Obasanjo. The 13-member committee will investigate their management of funds dispensed to Nigeria’s power sector.

Nigeria has the largest economy on the continent, but Nigeria still suffers from widespread corruption and poverty. About two-thirds of people living in Nigeria have no access to constant electricity, which has stunted economic growth. However, the Nigerian government has spent billions of dollars on the power sector over the years. The new Senate committee will probe whether corruption and graft has blocked Nigerians from receiving adequate power supply.

Since Nigeria returned to democracy in 1999, the country’s leadership has spent $29.635 billion on power with little progress to show for it. The immediate past administration of former president Jonathan spent $8.26 billion on the sector while Yar’Adua, who died in 2010, spent $5.375 billion and his predecessor Obasanjo expended a whopping $16 billion, according to Vanguard Newspapers.

Wood is still the sole source of energy for hundreds of millions of Africans who lack access to modern sources of power. Over 120 million Nigerians relying on firewood and charcoal for their cooking needs, according to the International Energy Agency. The current Nigerian President Muhammadu Buhari, who took office in May, has sworn to drive out corruption from the country’s previous leaders.
He had previously made it known that nigerians need to know how much has been spent so far over electricity. Over $16bn was spent by Obasanjo regime, yet Nigerians don’t have power. Also, the administration of Jonathan said Nigeria now have over 4,000 mega watts, yet people don’t have the power.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Gates Foundation’s Annual Goalkeepers Report Finds Stark Disparities in COVID-19 Impacts

...New data reveals world stepped up to prevent worst-case scenarios from happening; spotlights need for long-term investments to ensure...

Op-ed: Africa Should Rethink Business Models for Impact and Sustainability

By Babatunde Oyateru | Corporate Identity Crisis It is no secret that humans anthropomorphise everything; perhaps it is down to the...

We Need to Strategise to Address Emerging Security Threats — Gbajabiamila

...says House ready to do more despite successes recorded The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has...

Paradigm Initiative, EiE Nigeria, MRA, SERAP Condemn the Continuous Twitter Ban in Nigeria by the Federal Government.

Nigeria’s Twitter ban hits 100 days on Sunday, September 12th, 2021. A milestone leaving the civil society, frontline actors...

USAID Commits $452m to Foster Media, CSO Engagements, Selects Pact, IREX, others

USAID has chosen Pact, along with IREX and our consortium partners, to lead two new regional programs, each titled Civil Society...

Serene Early-TROBB Concepts To Mark Third Anniversary, Trains Teenagers in Vocational Skills

Serene EARLY-TROBB Concepts will be organizing a One-day conference for teenagers and young adults on Mental Health and Menstrual...

Must read

Gates Foundation’s Annual Goalkeepers Report Finds Stark Disparities in COVID-19 Impacts

...New data reveals world stepped up to prevent worst-case...

We Need to Strategise to Address Emerging Security Threats — Gbajabiamila

...says House ready to do more despite successes recorded The...
- Advertisement -

You might also likeRELATED
Recommended to you

%d bloggers like this: