Clearer picture of how the Obasanjo administration spent $13 billion on the power sector emerged yesterday with the Minister of State for Energy (Power), Mrs. Fatima Ibrahim, giving a breakdown of the expenditure over a period of eight years.
And following the failure of the National Integrated Power Project (NIPP) to materialise, the 36 states and the 774 councils are now demanding the refund of the $3.2 billion they contributed for its implementation, according to Governor Gabriel Suswam of Benue State.
She said the sum of N235 billion; $6.5 billion and 330 million Euro were used to finance the National Integrated Power Projects (NIPP).
She said another $4.6 billion sourced from the international creditors and $1.6 billion from Joint Venture Calls (JVCs) were also used to finance the sector during the period.
Ibrahim said although there was no evidence of misappropriation of the funds, some contracts that were paid for were abandoned by the contractors after payment.
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Following up on this story, the government has finally responded to the question of the people and the questions of the state government. The money was reportedly all allocated to certain projects, but that does not rule out the possibility of massive corruption or faulty allocation. The government's explanation was that many contrators who were hired for the job did not complete their tasks. This money that was not returned upon will be sought out from the contractors, and hopefully the government can come closer to their ambitious power supply goals.
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