Vice President Yemi Osinbajo on Tuesday revealed that the federal government has concluded plans to decentralise the power generating and distribution in the country.
He said this will improve availability of power supply in the country and attract foreign investors.
The vice president who spoke at a town hall meeting with youths, held at the University Teaching Hospital (UCH) Ibadan said he was in Ibadan to ensure fixing of solar power in Gbagi market, just as he had done in other part of the country.
He said:”One of the reasons I am here in Ibadan is to have off-grid power generation and distribution in Gbagi market. We want to embark on solar power generation in the entire gbagi market and we are going to have that in all the market across Nigeria.
“For those of you who are following our activities, you will know that we have done it in Sabongari in Kano state and in some market in the East and in Ondo state too. We are doing this not to rely on the traditional sources of power generation again.
“We also have something we called Eligible Customer Declaration (ECD) which means that industrial areas and big estates can have their own power without replying on the traditional grid. So there are companies that we are licencing to buy power and sell to their customers. This country is too big to have same power source for the whole country and that is why we are trying to decentralise the sources of power generation.
“Then, we will be able to supply what is left for residential areas that require power in the country. We have a systematic approach to solving power generation in the country. We are having the power problems because the privatisation was done badly.”