{"id":205143,"date":"2022-07-22T06:09:06","date_gmt":"2022-07-22T05:09:06","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=205143"},"modified":"2022-07-22T06:09:06","modified_gmt":"2022-07-22T05:09:06","slug":"stop-your-pretense-sowore-blasts-atiku-over-comment-on-frequent-collapse-of-national-grid","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/07\/22\/stop-your-pretense-sowore-blasts-atiku-over-comment-on-frequent-collapse-of-national-grid\/","title":{"rendered":"&#8216;Stop your pretense&#8217; &#8211; Sowore blasts Atiku over comment on frequent collapse of national grid"},"content":{"rendered":"<p>Omoyele Sowore, the presidential candidate of African Action Congress (AAC) has slammed the\u00a0Peoples Democratic Party presidential candidate, Atiku Abubakar, over what he described as his \u201cpretense\u201d over the national grid collapse.<\/p>\n<p>Recall that media houses including WITHIN NIGERIA reported that Nigeria&#8217;s power grid collapsed again on Wednesday, as it crashed from the\u00a03,921.8 megawatts that was generated at 6am to as low as 50MW around 12.23pm, causing a widespread blackout across the country.<\/p>\n<p>Industry figures obtained from the Federal Ministry of Power in Abuja showed that <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/06\/18\/why-abuja-is-experiencing-power-outage-aedc\/\">power generation<\/a> on the grid had hit a peak of 4,091.6MW on Tuesday.<\/p>\n<p>But this dropped to 3,921.8MW on Wednesday morning, before crashing to about 50MW, a development that led to the eventual collapse of the national <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/06\/nigerian-govt-announces-restructuring-of-five-electricity-companies\/\">electricity grid<\/a>.<\/p>\n<p>However, Atiku had while reacting to the news of the grid collapse, proposed what he described as \u201cinnovative financing\u201d of infrastructure that would facilitate private sector investment in the power sector.<\/p>\n<p>In a series of tweets on his Twitter handle on Wednesday, Atiku wrote, \u201cI 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.<\/p>\n<p>\u201cDue 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 <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/29\/akinwumi-adesina-africa-faces-108bn-infrastructure-financing-gap-annually\/\">infrastructure<\/a> that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.<\/p>\n<p>\u201cI\u2019ll promote the incentivization, 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.<\/p>\n<p>\u201cIn addition, I\u2019ll 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. -AA\u201d<\/p>\n<p>But reacting to Atiku\u2019s intervention, Sowore alleged that the mismanagement of President Olusegun Obasanjo\u2019s administration under which Atiku served as Vice President was responsible for the recurrent grid collapse.<\/p>\n<p>He wrote, \u201cThe 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\u2019t pretend that you care about the National Grid! #WeCantContinueLikeThis\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Omoyele Sowore, the presidential candidate of African Action Congress (AAC) has slammed the\u00a0Peoples Democratic Party presidential candidate, Atiku Abubakar, over what he described as his \u201cpretense\u201d over the national grid collapse. Recall that media houses including WITHIN NIGERIA reported that Nigeria&#8217;s power grid collapsed again on Wednesday, as it crashed from the\u00a03,921.8 megawatts that was [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":205148,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[3046,17413,8613,1643],"class_list":["post-205143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-atiku-abubakar","tag-federal-ministry-of-power","tag-national-grid","tag-omoyele-sowore"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>&#039;Stop your pretense&#039; - Sowore blasts Atiku over comment on frequent collapse of national grid<\/title>\n<meta name=\"description\" content=\"Omoyele Sowore, the presidential candidate of African Action Congress (AAC) has slammed the\u00a0Peoples Democratic Party presidential candidate, Atiku Abubakar, over what he described as his \u201cpretense\u201d over the national grid collapse.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/07\/22\/stop-your-pretense-sowore-blasts-atiku-over-comment-on-frequent-collapse-of-national-grid\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;Stop your pretense&#039; 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