Osun Commences Plan To Generate Electricity

The Osun State Government has commenced plans to start generating and distributing its own energy.

In a chat with newsmen on Thursday, the State Commissioner for Energy, Mr. Festus Adeyemo, said the power generation is in conformity with the Electricity Act 2023.

Adeyemo, however, identified funding as a major setback against the plan, adding that the state was relying on support from the World Bank and private investors that have been showing willingness to partner the state.

He said, “We are interested, and we are going to start work on it very soon. We have been working on it, but there some basic things we need to do before going into the real project. We want to have a solid foundation. We are looking at the technical aspect of it.

“The major of challenge is that of funding, but we are getting over it because we have the backing of World Bank. There are some little technical aspects of the project too. We have reached out to the Federal Ministry of Power and we have been given the go ahead. There are some paperwork that we need to do at the federal level before we can commence work on the project”.

OSUN DEFENDER reports that the Federal Government’s through the Nigeria Electricity Regulatory Commission on Wednesday announced 240 per cent increase for consumers in Band A enjoying 20-hour electricity.

The affected would now pay a tariff of N225 per kilowatt-hour, up from the previous rate of N68/kWh.The new hike in the electricity tariff however has attracted more condemntions from Nigerians