FEDERAL GOVERNMENT STILL TO SPEND MORE MONEY ON ELECTRICITY

The Federal Government will spend $2.86bn (N457.6bn) between now and 2017 in order to give the nation a power transmission infrastructure that can carry 16,000 megawatts of electricity. The Minister of Information, Mr. Labaran Maku, said this in Abuja yesterday at a news conference on the performance of the economy, especially following the successful sale of the Power Holding Company of Nigeria’s successor companies.My question is,if PHCN has been sold successfully why does the government still need to spend money? It's like saying the government wants to spend money in order for Mtn,Glo,Etisalat etc to carry out their responsibilities. Does it make any sense? NO!