Lagos State Commissioner for Budget and Planning, Mr. Ben Akabueze has assured residents that there will be significant improvement in power generation in the next five years.
Akabueze stated this in an exclusive interview with DailyPost after a meeting held at the American Room of Eko Hotel and Suites, Lagos, on the sideline of the just-concluded seventh Lagos Economic Summit, LES, tagged Ehingbeti 2014.
The parley chaired by Governor Babatunde Fashola, had in attendance a number of foreign investors, who expressed readiness to partner the state in the areas of power, tourism, industry and agriculture among others.
Speaking to DailyPost, Akabueze explained that, “The kind of meeting we just held is really about engaging investors of partnership. As a government, it is our duty to create the platform, discuss opportunities, provide policy support, build infrastructure necessary to make business thrive, while listening to ways we can improve on areas that can attract foreign direct investment.”
On what to expect from the 8th edition of the summit, the Commissioner said he expects the next meeting to build on the previous, reiterating government’s zeal to implement workable recommendations from this year’s edition.
Asked if the government is not afraid that the Lagos administration may decide to drop the idea of the summit, he said “This idea wasn’t originated by the Fashola’s administration. Tinubu administration held the first three summit, Fashola has held the fourth to seventh and all editions brought about huge investment and mutual benefits. So we don’t see any reason why any government will jettison the idea.”
Reacting to a question on when stable power is likely, he said Lagosians will in no distant future enjoy quality and adequate supply.
“Truth is from what we heard at the summit, it will not be sooner than five years to see any significant improvement in the power situation. The experts said short-term and in power sector when they say short-term, that probably is five years.”
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