The success of government's transformation agenda relies on the progress made in power sector reforms, which in turn, depends on developments in natural gas production. At the inception of President Jonathan Goodluck's administration, reform of the power sector was made a top priority, and thus the Presidential Task Force on Power was constituted.
On the basis of the report from this taskforce, the President set up the Presidential Action Committee on Power and the National Integrated Power Project (NIPP). Recently, the Vice-President requested the Ministries of Finance and Power to come up with appropriate shareholding formula for the NIPP since the project is jointly financed by Federal, States and Local Governments.
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