“Nigerians Spend $5 billion To Fuel Their Generators Every Year” – Speaker, House of Rep, Yakubu Dogara According to reliable statis...
“Nigerians Spend $5 billion To Fuel Their Generators Every Year” – Speaker, House of Rep, Yakubu Dogara
According to reliable statistics, Nigerians are spending almost $5 billion every year to purchase fuel for their generators and in spite of this, the Speaker House of Representatives, Yakubu Dogara has reacted bitterly to this saying that it is quite “Unacceptable” for Nigerians to be using such huge money on fuel.
He said this in Abuja during a Public hearing organized by House of Reps Committee on Power on three Bills pending before the lower chamber on Tuesday.
Mr. Yakubu Dogara promised that the house of representatives will support in finding a permanent solution to power problem in the country with the collaboration of the Executive.
He added that the law makers were still reviewing some Nigeria’s law pertaining to Energy in order to provide a rightful legal framework which will facilitate the exploitation of renewable energy in order to boost the nation’s economy.
The speaker also added that “Power” as a form of energy can never be pull out of the country as it is the most important driver of the economy.
Read below👇 Speaker House of Representatives, Yakubu Dogara’s Speech on Unavailable Power Resources in Nigeria:
Verily, it is tedious, if not implausible, to just think a modern life without power. All our companies and factories need power to operate, and also our offices, houses, and everyday’s work.
“It is estimated that Nigerians spend about $5 billion every year to fuel their generators as a result of “Power scarcity”
“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.
“Renewable energy is a source of clean energy which is environment-friendly and is crucial to the economy of the future.
“We can only be self-sufficient in the energy field when we combine all our energy resources such as wind, solar, hydro, bio-mass, bio-fuel, landfill, sewage gas, solid waste, geo-thermal energy, ocean energy among others.
“Renewable energy sources are natural and often replenish themselves. Nigeria needs to invest more in renewable energy as fossil fuel is a diminishing asset.
“An appropriate legal framework to exploit renewable energy which is nature’s gift to mankind is not adequate in Nigeria.
“This makes it difficult to organise the sector in a commercially viable matter. Herein lies the merit and strength of this Bill under consideration.