Breaking News
Translate

Nigeria to generate 35,000mw of electricity by 2020 — Usman

By Chinedu Ibeabuchi

The Minister of National Planning Commission, Dr Shamsuddeen Usman, has said that the attainment of 6,000 megawatts of electricity target set by the Federal Government is still be feasible by the end of this year, even as he said that for Nigeria to completely actualise its vision 20:2020 goals, it needs to be in a position to generate a minimum of 35,000 megawatts in the year 2020.

Speaking at a press conference, preceding the 15th Nigerian Economic Summit 2009, to be held in Abuja, between December 15 and 17, Usman noted that in order to achieve this feat, the country must be capable of generating in addition to existing capacities, a minimum of 2,000 mega watts each year.

He maintained that the achievement of this and other goals is a function of the type of policies that will be employed to realise this, noting that the draft vision 20:2020 implementation plan has already taken into consideration, the need for the right policies that will propel the economy towards these goals.

He further stated that the successful implementation of the vision 20:2020 development plan lies in making a legislation that will make it binding on governments at all level including subsequent governments to abide by the prospect of the vision plan, adding that it is considering presenting a bill in this regard to the National Assembly.

Usman disclosed that the government is set to produce the first implementation plan document of the vision 2020 and this is in line with the theme of the summit. “Score Card of Nigeria’s Economic Progress: bridging the implementation gaps.”

According to Usman, the first stage of the implementation will run from 2010 to 2013 and it has been captured in next year’s budget.

He said, “The purpose of the forum is to address perennial economic problems of the country and to seeks ways to address it. Also recommendations put forward at the end of the summit would be presented to the government for effective policy formulation and  implementation.

“Over the past fifteen years, the summit has contributed immensely to the improved relationship between the public and private sectors of the economy.

It has produced eight Policy Commissions in critical areas of the economy and on which representatives of the public and private sectors interact regularly for purposes of policy formulation and implementation. As a matter of fact, the current initiative of the National Vision 20:2020 was given a big push within the framework of the Nigerian Economic Summit initiative.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.