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Sale of NDPHC plants: Short changing the North? The Niger Delta Power Holding Company (NDPHC) By   “Where is the power?” President Buhari quipped about the purported $16 billion spent on power generation during the former President Olusegun Obasanjo’s administration. As at today, Nigeria’s peak power generation stands at 5,801.60MW, while capacity stands at 7,652.6MW. Sixteen billion dollars is a lot of money and one can imagine that it would have given us more than the infrastructure we need in terms of power generation and distribution. The lack of prudence in government spending has seen us fritter away a fortune, either as junketing funds or as funds spent on phantom projects. Another $16 billion was handed over to the Paris Club as debt payment, which could have been better handled by part payments while negotiating debt relief. Today we are still back in the debt pool, with 72 per cent of government revenue going away as debt servicing. We have been unfortunate en

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