Worried by the slow progress made in the power sector, the minister for Power, Works and Housing, Babatunde Fashola, is charging all stakeholders in the power sector to adhere strictly to all conditions in their contract or face dire consequences.
This is just as the Transmission Company of Nigeria at its 14th monthly meeting of Power Stakeholders Forum held in Osogbo, restated its commitment to expand transmission infrastructure and improve its operation and performance within the power sector value chain.
Addressing the gathering, Fashola stressed that the present administration is prepared to implement to the letter, all conditions stipulated in the contracts, signed with it by investors.
He, however, assured investors in the sector of the commitment of the federal government in providing conducive environment that will enhance their businesses, adding that efforts are on to facilitate more payment of debt owed power distributors by federal government.
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