N10trn investments in 13 years fail to lift power supply

***We’re resetting the sector – Power minister

***FG, GenCos disagree over N6.2trn debt

By Emeka Anaeto, Obas Esiedesa and Sebastine Obasi

Current updates on the electricity sector development has indicated that about N10 trillion public finance has either been frittered away or trapped in the sector value chain in form of interventions.

But the Minister of Power, Joseph Tegbe said federal government was now resetting the sector by addressing a long-standing structural deficiencies that have prevented the sector from reaching its full potential. He said the deficiencies have been in the sector for over 40 years.