The Economic and Financial Crimes Commission (EFCC), has attributed frequent collapse of national grid to the usage of substandard electric materials supplied by those he described as corrupt contractors in the power sector.<\/p>\n
The anti-graft agency, which also lamented poor implementation and execution of capital projects in the country, explained that Nigeria could not achieve infrastructural or any form of growth under such conditions<\/p>\n
Ola Olukoyede, the Chairman of the EFCC, disclosed this at the commission\u2019s headquarters, Abuja, on Tuesday when members of the House Committee on Anti-Corruption and Financial Crimes visited him.<\/p>\n
Speaking during the visit, the EFCC boss revealed that investigations carried out by the agency showed that contractors in the power sector, who were awarded projects to supply electrical equipment, often opted for substandard materials.<\/p>\n
He noted that this \u201cdubious\u201d practice was a major cause of frequent equipment failures, outages and grid collapses as witnessed recently.<\/p>\n
He said, \u201cAs I am talking to you now, we are grappling with electricity. If you see some of the investigations we are carrying out within the power sector, you will shed tears.<\/p>\n
\u201cPeople who were awarded contracts to supply electricity equipment, instead of using what they call 9.0 guage, they will go and buy 5.0. Every time you see the thing tripping off, the thing gets burnt, and all of that, it falters and it collapses. It\u2019s part of our problems.\u201d<\/p>\n
Olukoyede said, \u201cWe discovered that in the last 15 to 20 years, we have not done up to 20% of our capital project implementation and execution. And if we don\u2019t do that, how do you want to have infrastructural development?<\/p>\n
\u201cHow do you want to grow as a nation? So, our mandate this year is to work with that directorate and with the National Assembly to see if we can meet up to 50% of our execution of our capital project for the year<\/p>\n
\u201cIf we do 50%, we will be fine as a nation. Lack of implementation of this capital project, capital budget, is one of our major problems in Nigeria. And if we are able to tackle that effectively, we will make progress as a nation. He stated.<\/p>\n
\u201cSo, we are doing everything to see how we can prevent that with your support.<\/p>\n
Speaking further, he said the commission discovered that in the last 20 years, capital project implementation and execution in the country were not up to 20 percent.<\/p>\n
It will be recall that the national grid has recorded 10 collapses this year, plunging the entire country into darkness. The Minister of Power, Adebayo Adelabu, has earlier blamed the trend on obsolete power infrastructure<\/p>\n","protected":false},"excerpt":{"rendered":"
The Economic and Financial Crimes Commission (EFCC), has attributed frequent collapse of national grid to the usage of substandard electric materials supplied by those he described as corrupt contractors in the power sector. The anti-graft agency, which also lamented poor implementation and execution of capital projects in the country, explained that Nigeria could not achieve […]<\/p>\n","protected":false},"author":7,"featured_media":55205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[],"class_list":["post-55679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abuja-reports"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=55679"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55679\/revisions"}],"predecessor-version":[{"id":55682,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/55679\/revisions\/55682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/55205"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=55679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=55679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=55679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}