The minister of finance and coordinating minister for the economy, Wale Edun, has called for liquidity for the power sector.
This is coming just as the managing director of Niger Delta Power Holding Company (NDPHC), Chiedu Ugbo informed the Senate Committee on Power that the Calabar Power Generation Company under its ownership, is the best performing power plant in the country.
Need for liquidity into the power sector was made by the Minister of Finance in his submission to the committee investigating the controversial Make up Gas (MUG) Reprocessing Deal Involving the Ministry of Finance , NDPHC, Calabar Generation Company Limited and ACUGAS Limited
The minister who made the submission through his special assistant, Dahiru Moyi, said the agreements on Gas supply between NDPHC and ACUGAS Limited was inherited by former President Muhammadu Buhari in 2015 since it was signed in 2011 during President Goodluck Jonathan’s administration.
According to him,”just as the Ministry of…
Source: Leadership Newspaper
