After Collapse Of National Grid, Atiku Reveals Innovative Plans To Improve Power Sector

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Peoples Democratic Party PDP Presidential candidate, Atiku Abubakar, has promised to place priority on power sector with innovations that will enhance its advancements if elected as president.

Atiku, while speaking on the collapse of National grid for the 6th time in 2022, said the development was one collapse too many.

According to him, “Due to the priority that I place on the power sector upon which the successes of other sectors are hinged, I am proposing innovative financing of infrastructure that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.

”I’ll promote the incentivisation, with tax breaks, a consortium of private sector institutions to establish an Infrastructure Debt Fund (IDF) to primarily mobilise domestic and international private resources for the financing and delivery of large infrastructure projects across all the sectors of the economy.”

The former vice president added that the IDF will have an initial investment capacity of approximately $20 billion.

“In addition, I’ll cause the creation of an Infrastructure Development Credit Guarantee Agency to complement the operation of the IDF by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital,” He added.

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