National Grid Collapse: Sowore Blames Obasanjo,  Atiku

By Ayodele Oni

Atiku Abubakar, the presidential candidate of the People’s Democratic Party, (PDP) Atiku Abubakar and publisher turned politician, Omoyele Sowore, have clashed over Wednesday’s collapse of the national grid.

The Transmission Company of Nigeria, (TCN) had announced the collapse of the facility, which led to power outage in many parts of the country.

Even though TCN said the fault has been rectified, many parts of the country are still in total darkness as businesses continue to suffer.

Reacting, Atiku wrote on his Facebook page that “I am reliably informed that there was a total National Grid Collapse at precisely 12:23pm today.

“This is one collapse too many. It is the 6th time this is happening this year alone.

“Due to the priority that I place on the power sector upon which the successes of other sectors are hinged, I am proposing innovative financing of infrastructure that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.

“I’ll promote the incentivisation, with tax breaks, a consortium of private sector institutions to establish an Infrastructure Debt Fund (IDF) to primarily mobilise domestic and international private resources for the financing and delivery of large infrastructure projects across all the sectors of the economy.

“The IDF will have an initial investment capacity of approximately US$20 billion. In addition, I’ll cause the creation of an Infrastructure Development Credit Guarantee Agency to complement the operation of the IDF by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital.”

Sowore, who is one of the many netizens who reacted to Atiku’s post said, “The National electrical grid collapse started when you and Obasanjo invested $16 billion to procure darkness for Nigeria.

“The @MBuhari regime came to gazette grid collapse as a law. Alhaji @Atiku don’t pretend that you care about the national grid.”