FG’ll resolve issue of poor power supply – Osinbajo

Prof. president Yemi Osinbajo

The acting President , Prof. Yemi Osinbajo , has said that the Federal Government is working assiduously to solve the challenge of epileptic power supply in the country , in order to boost the manufacturing sector of the economy.


He said this on Thursday at Ososa, Ogun State, during the facility tour of an indigenous company, Rite Foods Limited , which produces sausages and beverages .
Osinbajo , who spoke with journalists after the tour, allayed the fears of manufacturers about power supply , promising that the Federal Government was working at resolving the nagging problem of poor power supply.
He , however , commended the management of the company for producing products that could compete globally with locally sourced materials .
The acting President said he did not believe there was a problem of trust with goods manufactured in Nigeria .
He said he was proud of genuine local investors with a high sense of patriotism and the spirit of hard work and entrepreneurial development.
He said , “I don’ t think there is a problem of trust for a world class product . This is a great enterprise; we have seen that the product is all over the country .
“There are few problems, such as power and all of that, which we hope are going to be resolved.
“This is a classic example of the Nigerian spirit of hard work and entrepreneurship. ”
Osinbajo later attended the 7 th edition of the Federal Government Micro , Small and Medium Enterprise Clinics for Viable Enterprises , held in Abeokuta , where he highlighted some of the government ’ s policies on economic development.
Addressing small and medium scale businessmen in Abeokuta , Osinbajo disclosed that the Federal government would soon open a one- stop shop for all the regulatory agencies in Ogun State to stimulate economic growth .
The Managing Director , Rite Foods Limited, Mr. Seleem Adegunwa, said the company was faced with the challenge of power supply , as it was not connected to the national grid and had to run on generators.
He said the high cost of power generation had eaten into the company’ s profit , adding that despite that , it was competing favourably in terms of product quality.
He said , “We have provided employment for over 1 ,000 people directly and so many others indirectly.
“Since the company came to this community , it has brought unprecedented economic growth to the area and has also reduced crime rate .”

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