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The House of Representatives Committee on Banking and Currency yesterday rejected another $4 Billion US dollars proposal by the federal government to improve power generation in the country. This is coming on the heels of the on going probe of the sector by the House.
This move by the House of Reps seems the sensible approach to follow. The new administration, seemingly bent on undoing the the economic progress created by the last administration of Obasanjo in his efforts to completely erradicate the country's debts to ease the financial burden of the country, seems to start piling up debts for the country now even though, as pointed out by the House of Reps., such a step by the present administration is absolutely unnecessary because there is an alternative. WHAT IS NEXT?!
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