The Speaker of the House of Representatives, Honourable Dimeji Bankole has told the nation that the problem of power generation are artificially created in the country, claiming those behind the problem are oil selling mafias who supply diesel oil to different segment of the economy.
He linked the age long problem to some selfish cabals selling diesel in Nigeria who have no interest in the nation’s regular power supply, saying they are behind the problem of power generation in the country.
Bankole, who was the guest lecturer at a lecture of the Students’ Union Transition Committee of the University of Ibadan, held at the Trenchard Hall on “Good Government: The Bedrock of Sustainable National Development,” on Friday, said Nigeria’s power problem was not about money allocated to it, but management problem created by a set of people who are only interested in their selfish interest.
“There are some incredible cabal in this country that are only selling diesel but are not interested in regular power supply.
To them, if power is regular, their business will collapse. I can tell you authoritatively that some staff of Power Holding Company of Nigeria are also involved.”
The claim, coming from top government stakeholder attests to the fact that many of the nation’s problems are caused by saboteurs who have established themselves as larger than the country.
Lack of consistent power in the nation has always been linked to powerful diesel contractors taking center stage and power generating plant importers,who have aligned with many top PCHN officers for percentaghe share. The government has been consistently slow to point accusing fingers even though the saboteur are well known to them.
The sabotage has caused the nation untimely death to thousands of her citizens while billions are lost yearly due to lack of investment by international investors.
Bankole said that the House under his leadership had changed the way budgetting was done in Nigeria, to check corruption by asking questions from all areas of governance in the budget document as opposed to the earlier passing of the document whenever it is brought to the floor of the house.
He said close to “$400 billion was stolen in Nigeria between 1960 and 1999 and a conservative estimate of illicit outflows from Nigeria between 1970 to 2008 put it at $217.8 billion not including under-the- radar transactions.”
“Under my leadership, the House of Representatives will continue to beam its searchlight on the process of implementation of budgets. It is on record that the House has uncovered over N450 billions of unspent monies hitherto applied on questionable expenditures.”
“The portfolio committees of the House have made a mandate to track every fund approved for projects and ensure the realisation of inputs, outputs and outcomes of such funds.
We have also discovered that the budget process in Nigeria is hindered by lack of due process, transparency and accountability.I can tell you that 80 per cent of people working in the Ministry of Finance have no financial qualification, that’s why the budget was been done the way they used to do it.