Nigeria spends $5bn on generators yearly

Speaker of House of Representatives, Mr Yakubu Dogara, said it was unacceptable that Nigerians spent $5bn on generators annually.

He said the house would support the Executive to find a permanent solution to the power problem in the country.

Dogara stated this on Tuesday in Abuja at the public hearing organised by the House of Representatives Committee on Power on three Bills pending before the lower chamber.

He explained that the lawmakers were reviewing some of Nigeria’s energy laws to provide the appropriate legal framework that would facilitate the exploitation of renewable energy to the benefit of the economy.

According to him, power is arguably the single most important driver of the national economy.

UCJ, UNILORIN.