DISCO Boss Gives Reasons Why Power Supply Won’t Improve In Next 5 Years

The Managing Director of the Benin Electricity Distribution Company, Olufunke Osibodu, has urged Nigerians not to expect any improvement in the power sector in the next five years.

Speaking at the 11th Annual Founder’s Day event of the American University of Nigeria in Yola, Saturday, Mrs. Osibodu said at least N250 billion is required annually to fix the country’s electricity sector.

“And we Nigerians need to understand that we cannot do it overnight, and in addition we have to pay for it,” said Mrs. Osibodu, while delivering the keynote speech titled ‘Beyond Oil: Sustainable Development for All Nigerians. “We need to be ready as citizens also, to accept and live with the pain that we have to go through, and allow time as our friends. “As Nigerians, often we are the ones that deceive our politicians. T

he politicians believe that the only way to go is to promise everything immediately possible. Promise that everything is possible today so that they can get elected. But when you see that it is not, so we want to give them time and use time as our friends. “It is the same story for the power industry.

When I tell my friends, that forget any improvement for the next five years, they are scared, but that is the truth. We need minimum of five years to invest before we see results. “But very often, because Nigerians are impatient, we start pushing our governments and they start reversing good things they have done in various ways. So we need to be more patient.”


You Might Also Like

  • Kenny D Osonwa

    Nice Osibodu told the truth instead of empty promises. .

  • chika bibian

    Na wah… God help. Nigeria

  • Cornel Nwankwo

    What is he trying to say abeg, if our leaders really mean to restore that, they know what to do naaa

  • Mezzy Gilbert

    If fg want ds power to b rectified in 6mnts, they can,but some people re gaining from d darkness

  • Mezzy Gilbert


  • WillieBravo

    Make una dey chop the power. If I had my way I will pull down all the NEPA cables in my house and fix solar. Nonsense!!!

  • emekachilaka

    oga thank you for telling us the Truth of the matter

  • badmos

    Nigerians just no won hear true. We keep pushing politicians who r not even ready to help.

  • Olovo Obinna

    And our lawmakers was fast in banning small generators…..God help us in 9ja

  • Abegi no be wetin we wan hear be this

  • kayode akinsanya

    Nawa o, story upon story. But that former minister of power that resigned during Jonathan regime they should interview that man because during his time light is stable I know there’s something fishy

    • Olovo Obinna

      Hehehehehehehe… u don the see the difference abi….not just minister…..during gej regime…they was light @least where I stay,,,we do experience steady light @least 19hrs , day….but right now….sometimes 1week we no go see light…

      • kayode akinsanya

        We do have constant light truly that year, but once the man resigned everything scattered in Jonathan regime

        • Olovo Obinna

          I no get u oh….