The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has described the decision of President Muhammadu Buhari to merge the Ministries of Power, Works and Housing which he manages as a single entity as a calculated measure to save the costs associated with running them independently.
Fashola said this at a ‘Town Hall Meeting and Policy Dialogue for Good Governance’ organised by the Alumni Association of the National Institute for Policy and Strategic Studies (AANI).
He also noted that he was equal to the task of running the ministries, and comfortable with the merger decision of Buhari.
A statement last night from the senior communications aide to Fashola in Abuja, Mr. Hakeem Bello, stated that the minister had in response to a question on the challenges he has running three ministries, said he welcomed the responsibility as it was a cost saving initiative by the president.
He added that he was pleased to serve his country in any capacity.
“Now, about whether I can cope with three ministries or not, on one hand, we have spoken of the high cost of running government and in trying to mitigate or reduce that cost, Mr. President, in his wisdom decided to merge the three ministries together.
He added: “The distribution is now in the hands of companies. All of the work that NEPA used to do distributing power is now in the hands of 11 companies. All of the work that NEPA used to do generating power is now in the hands of six companies.”
The minister further explained: “Now, there is an agency called NERC (Nigerian Electricity Regulatory Commission) created by law made by people you and I elected. That is the regulator of the power sector now, in getting licenses issued and so on and so forth and a statutory company called NBET (Nigerian Bulk Electricity Trading Plc). So, all of these institutions are taking positions and evolving.”