The Vice-President, Yemi Osinbajo has disclosed that the federal government has in the last two years about spent N1.5 trillion to boost the power sector.
The Professor, who was represented by the Minister of Power, Saleh Mamman stated this on Tuesday at the Kainji hydropower plant in Niger State.
He stated that the government was making yielding provisions to guarantee uninterrupted access to affordable electricity for Nigerian populace.
“The federal executive council recently approved the third round of intervention funding for the (power) sector, with a total of about N1.5tn in the last two years.
“However, if the country is to achieve its aim of channeling funding to other critical sectors of the economy, it is pertinent that structural reforms be put in place to enable the power sector to fund itself sustainably.
“These policy reforms must however take into consideration the need for under-privileged Nigerians to gain access to affordable electricity to power their homes and small businesses, as the government seeks to move Nigeria further up the World Bank’s doing business rankings,” he added.