SOME critical milestones for the attainment of Nigeria’s plan of becoming one of the top 20 economies in the world by year 2020 are being achieved by the Federal Government, according to the Chief Economic Adviser to President Goodluck Jonathan, Prof. Nwanze Okedigbe.
Chief amongst the milestones is the improvement in the electricity generation base which he said had now hit 4,400 mega watts up from the 2,800 level when President Jonathan took over the reins of power about two years ago. He made these revelations at an interactive session with journalists in Abuja.
His words: “The President has begun a reform programme aimed at providing the enabling environment for the private sector to thrive, that is easing business setups or exiting if need be. That was why he recently had a conversation with the private sector with a view to finding a way forward because we have an ambition to become one of the best 20 largest economies in the world by the year 2020.
“And to achieve that we need to attract investments. But these investments cannot work without adequate power base. That is why Mr. President uses every part of his waking hours to think of how to improve on this. That is why he has set up the Presidential Committee on Power, I am a member of that committee . This has led to the improvement of power generation that has grown from 2800 when he became President to the present level of more than 4400 mega watts. Actually, what we are generating now is more than this level, but because of some issues. Once we resolve that, we would have more power to distribute.”