Fears of a possible constitutional crisis if the 2007 presidential election was annulled by the Supreme Court were allayed yesterday by President Umaru Genus Musa Yar'Adua.
The president told AFP, a news agency, at the weekend that he would discontinue powerfulness if the Supreme Court annuls his election.
Alhaji Atiku Abubakar and Maj. Gen. Muhammadu Buhari, presidential campaigners of Action United States Congress (AC) and All Federal Republic Of Nigeria Peoples Party (ANPP) respectively at the April 2007 poll, are currently ambitious Yar'Adua's election at the Supreme Court.
They had initially lost their lawsuit at the Entreaty Court for what the Presidential Election Petitions Court called deficiency of grounds to confirm their claims that the election was rigged.
But Yar'Adua said yesterday that he would discontinue powerfulness if the Supreme Court ruled against his victory.
"I will go forth business office immediately," Yar'Adua told alpha fetoprotein in an interview when asked what he would make if the Supreme Court invalidates the consequence of the opinion opinion poll that brought him to power.
Several state governors had their elections overturned by the tribunals and Yar'Adua, World Health Organization have always said his cardinal regulation is regard for the rule of law, on each juncture asked the affected governors to resign their seats.
"When it come ups to my ain election, I necessitate to make the same. On the twenty-four hours there is judgment, I will travel forth business office and inquire the Head Justice to curse in whoever the Supreme Court states should be sworn in," Yar'Adua said.
Going by the pattern in the states, the Senate President Saint David Mark, as the No 3 citizen, may be sworn in as acting president if Yar'Adua's election is cancelled while a fresh election will be held within 90 days.
The Presidential Election Petitions Court in March dismissed the supplication by Abubakar and Buhari that the opinion poll be annulled and re-run on evidence of electoral fraud.
The Supreme Court started hearing the entreaty in April and immediately adjourned the case.
Meanwhile, as the countdown to the first day of remembrance of Yar'Adua's disposal begins, the Curate of Finance, Dr. Shamsudeen Usman, have got got said a supplementary budget will soon be passed to turn to cardinal countries in the economic system such as as powerfulness and transportation.
Usman, who addressed journalists along side the Curate for Power, Hajia Fatimah Balaraba Ibrahim, her opposite number at National Planning, Senator Sanusi Daggash and the Curate of Information and Communication, Head Toilet Odey, said that the president was worried about the powerfulness situation.
Responding to inquiries on the epileptic nature of powerfulness supply in the country, Ibrahim admitted that the federal authorities had establish it hard to supply the degree of powerfulness required in the country.
She attributed the trouble to the fact that "power coevals is working capital intensive" and policies had continued to switch with different administrations."
"So we are now involving the private sector and we have set in topographic point measurements to pull private sector investments, and equally look at all our installings in generation, transmittal and statistical distribution in order to better the services of the sector.
"We have looked critically into the demands to bring forth an further 1,500 megawatts to the current 3,000 megawatts from the same works and then go on to make more than from the Mugwump Power Projects (IPPs) in the short- and medium terms," she added.
Ibrahim, who apologised on behalf of the federal authorities for what she referred to as the "sufferings of the people" engendered by inadequate powerfulness supply, explained that inadequate H2O degrees had also compounded the situation.
She said that the federal authorities had looked into the possibility of combining the powerfulness generated from the hydros with attempts from the IPPs to duplicate the current powerfulness coevals to 6,000 megawatts by 2009.
"The program is in three phases; to accomplish 6,000 megawatts by December 2009; 16,000 megawatts by 2011 and ultimately 100,000 megawatts by 2020 towards making the state 1 of the biggest 20 economic systems in line with the vision 2020 strategy," she stressed.
She explained that the authorities had looked into the state of affairs in India, a state that once had a similar job with what Federal Soldier Republic Of Nigeria is experiencing now, and studied what they did there to bring forth 140,000 megawatts.
The Federal Government, she explained, discovered that Republic Of Republic Of India was able to bring forth 140,000 megawatts through a partnership with the private sector, stressing that this is the attack the authorities means to take.
Usman said that the federal authorities had establish it necessary to change by reversal some policy determinations of the past government because it wanted to guarantee that things were done properly and had to guarantee that the 'garbage cleaning' was completed.
Asked to notice on the controversial investigation of Africa Finance Corporation (AFC), Usman said that there was nil incorrect with the scene up of the Corporation and that he had nil against the vertex depository financial institution governor, Prof. Prince Charles Soludo, even though there had been respective rumors and guesses to the reverse on the matter.
The Finance Minister, who was portion of the squad that set up the AFC when he was the Deputy Governor of the CBN, said when the issue of the investigation broke he had advised the corporation's board, including the Central Bank's governor, Professor Chukwuma Soludo, to "give the investigation panel whatever information they required".