Nigeria Spent $5billion On Generators Annually – House Of Reps

The Speaker of the House of Representatives, Hon Yakubu Dogara, has revealed that the Country spent $5billion on Generators annually.

He described it as unacceptable saying the House of Representatives will support the Executive to find a permanent solution to the power problem in the country.

According to him, the House of Representatives is reviewing some of Nigeria’s energy laws in order to provide an appropriate legal framework that will facilitate the exploitation of renewable energy to the benefit the Nigerian economy.

“Power is single most important driver of the national economy. Indeed, it is difficult if not impossible to imagine modern life without power. Our industries and factories need electricity to run; and so do our offices, homes and businesses.

 

“It is estimated that Nigerians spend about $5 billion US Dollars yearly to fuel their generators. This is an unacceptable situation and the House of Representatives stands ready to support the Executive arm of government to put a stop to this state of affairs.

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