National

Sowore slams Atiku over national grid collapse

sowore atiku national grid collapse

Political activist, Omoyele Sowore, has slammed former vice president Atiku Abubakar, over his comment on the latest national grid collapse.

Atiku had lamented on social media that the latest national grid collapse, the sixth in this year alone, was one too many.

The presidential candidate of the Peoples Democratic Party then went on to reveal what he will do as solution if he gets elected as president come 2023.

He wrote, “I am reliably informed that there was a total National Grid Collapse at precisely 12.23pm today. This is one collapse too many. It is the 6th time this is happening this year alone.

“Due to the priority that I place on the power sector upon which the successes of other sectors are hinged, I am proposing innovative financing of infrastructure that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.

“I’ll promote the incentivisation, with tax breaks, a consortium of private sector institutions to establish an Infrastructure Debt Fund (IDF) to primarily mobilise domestic and international private resources for the financing and delivery of large infrastructure projects across all the sectors of the economy.

“The IDF will have an initial investment capacity of approximately US$20 billion. In addition, I’ll cause the creation of an Infrastructure Development Credit Guarantee Agency to complement the operation of the IDF by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital.”

Reacting, Sowore wrote, “The National Electrical grid collapse started when you and Obasanjo invested $16 billion to procure darkness for Nigeria, the @MBuhari regime came to gazette grid collapse as a law. Alhaji @atiku, don’t pretend that you care about the National Grid! #WeCantContinueLikeThis.”

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