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Buhari removes power from Fashola’s brief

Buhari removes power from Fashola’s brief
August 21
13:31 2019
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Babatunde Fashola will no longer be the minister of power.

Fashola, who is the former governor of Lagos state, was previously the minister of power, works and housing.

Announcing the ministerial portfolio on Wednesday at the swearing-in ceremony for ministers-designate, President Muhammadu Buhari announced that Saleh Mamman will now be the minister of power.

Babatunde Fashola was announced as the minister of works and housing.

At Fashola’s ministerial screening, Rochas Okorocha, former Imo governor, said the former started having grey hairs when he was handed three ministries.

Okorocha, who is now representing Imo west at the senate, said the three ministries are too large to be handled by one person.

“I thought the three ministries are too large to be handled by one person. Look at my friend now. He is having grey hairs at a young age,” he said.

When asked how much fund the power sector required to ensure stable electricity, Fashola had said: “I’ve already addressed the issue of funding as our major challenge. My suggestion is that we should raise an infrastructure fund where Nigerians can contribute their money”.

Since the privatisation of the Power Holding Company of Nigeria (PHCN), the ministry of power became saddled with regulatory responsibility.

 

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Exchange Rates

September 02, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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