ABUJA (SUNDIATA POST)- Vice-President Kashim Shettima says the Federal Government will promote constitutional framework that empowers states to generate, transmit, and distribute electricity in areas covered by the national grid.
Shettima gave the assurance on Thursday at the 145th National Economic Council (NEC) meeting held at the Presidential Villa, Abuja.
Addressing the Council, the Vice-President said that the decentralisation of the national grid would put an end to incessant collapse that has plunged some states in the North into total darkness.
“The recent blackouts caused by the actions of vandals remind us of our urgent need to expand our energy infrastructure.
” I believe the governors here would agree that the decentralisation of electricity is our path forward.
“We will continue to promote the constitutional framework that empowers constituent states within the Nigerian federation to generate, transmit, and distribute electricity in areas covered by the national grid,” he said.
Shettima added: “Together, we can make instability a relic of the past. Furthermore, our energy sector must embrace the potential of renewable energy.
” We must leverage solar and mini-grid solutions tailored to regional needs. I urge the Council to support the implementation of the Nigeria Energy Sector Implementation Plan (NESIP).
“If we capitalise on our diverse regional energy resources—from northern Nigeria’s solar potential to the south’s gas reserves—we can build a resilient, decentralised energy system that drives growth and empowers our communities.”
The Vice President listed some of the measures for the decentralisation of the national grid to include the establishment of mini-grids, solar and renewable energy sources like solar photovoltaic and wind turbines.
He also stressed the urgent need for the implementation of the Nigeria Energy Sector Implementation Plan (NESIP).
The Vice President also assured the council that the tax reforms initiated by President Bola Tinubu would broaden the nation’s revenue base, foster economic stability, and diminish dependency on specific sectors.
He said the tax reforma had opened avenues to address stakeholders’ concerns, particularly regarding VAT reform and its implications for sub-national revenues.
“As representatives of diverse interests, I have no doubt that you share a common aspiration: to broaden our revenue base, foster economic stability, and diminish our dependency on specific sectors,” he noted.
On Human Capital Index, Shettima cautioned that it was a tragedy that must be confronted following Nigeria’s low ranking.
“We grapple with alarming statistics related to life expectancy, maternal and child mortality, and educational attainment,” he said
Shettima also shed light on the progress made so far in the bid to mitigate flood disasters, noting that “the past few months have tested the durability of the solutions” implemented to advance flood resilience.
” Although the floods caught many of us off guard in various parts of the nation, our proactive mitigation efforts have inspired sustainable strategies to address the extensive damage caused, including significant property losses and health risks.
“I commend the Minister of Water Resources and the Director-General of National Emergency Management Agency (NEMA) for their foresight and swift action.
” Today invites us to reinforce our commitment to implementing approved mitigation measures, ensuring that states report their flood damages comprehensively, as outlined in our NEC Ad-hoc Committee report
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, also briefed the Council on several key national accounts.
According to him, the Excess Crude Account stands at 473,754.57 dollars, the Natural Resources Fund at ₦26,105,837,627.67, and the Stabilization Account at ₦36,299,452,763.62.
The Minister also updated NEC on current economic relief measures, with 25 million Nigerians benefitting from federal social protection initiatives.
This, he said include the digital outreach, microenterprise loans, and sector-specific support for power, agriculture, manufacturing, health, and compressed natural gas (CNG) initiatives.
Edun also announced a new government policy that would permit Nigerians who currently hold dollars outside the formal banking system to bring those funds into the financial system.
This, he said with be done within a nine-month period, without facing any legal liability or financial penalties.
NAN reports that the council addressed Nigeria’s flood crisis affecting 34 states, 217 local government areas, and over 1.3 million people.
The Minister of Water Resources and Sanitation, Prof. Joseph Utsev reported that there were 740,743 displaced individuals, 321 fatalities, and extensive property and farmland losses.
The council resolved that the Ministry of Water Resources conduct an integrity review of all waterways and dams across the country.
It urged state governments that have not done so to immediately submit their flood reports, that the Green Climate Fund should have an infrastructure resilience fund component.
” And that all MDAs should immediately implement flood resilience and adaptation mechanisms.”
Similarly, the council also reviewed the World Bank-supported SOLID project, presented by the Minister of Budget and Economic Planning, Sen. Abubakar Bagudu.
The project aims to bolster services and economic opportunities for IDPs and host communities in northern Nigeria, including initiatives for sustainable livelihoods and resilient infrastructure.
NEC urged cooperation among states and the World Bank to ensure funds meet designated project goals. (NAN)
