"Power supply won’t improve in next 5 years"

The Managing Director of the Benin Electricity Distribution Company, Olufunke Osibodu, has urged Nigerians not to expect any improvement in the power sector in the next five years.

Speaking at the 11th Annual Founder’s Day event of the American University of Nigeria in Yola, Saturday, Mrs. Osibodu said at least N250 billion is required annually to fix the country’s electricity sector.

“And we Nigerians need to understand that we cannot do it overnight, and in addition we have to pay for it,” said Mrs. Osibodu, while delivering the keynote speech titled ‘Beyond Oil: Sustainable Development for All Nigerians.