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| Kemi Adeosun |
Minister of Finance, Mrs Kemi Adeosun, has made a damning revelations saying that western powers are responsible for the failure of Nigeria to achieve adequate power supply.
Mrs Adeosun said this on Wednesday in Washington during a discussion on the importance of addressing infrastructure gaps in developing countries at the World Bank, International Monetary Fund General Meetings.
She said that improving power supply was the corner stone of the current administration’s goal towards economic development, yet finding it difficult to get support from western community. “We want to build a coal power plant because we are a country blessed with coal, yet we have power problem. So it doesn’t take a genius to workout that it will make sense to build a coal power plant.
“However, we are being blocked from doing so, because it is not green. This is not fair because they have an entire western industralisation that was built on coal fired energy. “This is the competitive advantage that was used to develop Europe, yet now that Nigeria wants to do it, they say it’s not green, so we cannot.
“They suggest that we use solar and wind, which is the more expensive. So yes, Africa must invest in its infrastructure, but we must also make sure that the playing field is level,” she said. Adeosun said that in spite of the need for foreign borrowing to finance the country’s infrastructure gap, the strategy was to get the cheapest money.
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