 First, let me, the very warm felicitations of President Mohammed Buhari, who as you know is a special guest of honor and I am here today on his behalf. It's my very special pleasure to join you at this official commissioning of the AFAM 3 Fast Power. AFAM 3 Fast Power, as we've heard already, is an important part of the evolving story of Nigeria's aspirations to bring electricity to millions in their homes and to factories and businesses that provide their livelihoods. This brings into very sharp relief the importance of private capital in building up capacity along the power value chain. A major weakness of our privatization process, which of course you know started in 2005 and since then, was and has been inadequacy of private investments and new cash injections. But the tide is turning with indigenous entrepreneurs such as TransCorpal and airs holding making significant investments such as this 100% acquisition of 966 MW in stock capacity AFAM PLC and AFAM 3 Fast Power Limited jointly referred to as the AFAM Genco. At an acquisition cost as I'm sure you've heard already of about 105.3 billion Naira. Only yesterday the National Council on Privatization formally delisted TransCorpal PLC formally known as Ugeli Power PLC from routine monitoring and evaluation by the BPE indicating yet another successful power investment. In the last few days I must say and I've told Tony Elumeru this already I must say the last few days belong to TransCorpal because at the same meeting of the National Council on Privatization the Council approved the TransCorpal Consortium as preferred bidder for the acquisition of the Apuja Disco. But the complex story is that in the past few years we have seen more new money coming into the power value chain. These transactions include the Quest PLC that became co-investor in Ula Disco in 2020 with a transaction worth 19 billion Naira. Last month the NCP approved the 30-year concession Ponzuqueru Hydro Power Plant at $70 million a year for the entire concession period. And the overall and overall the stock the Nigerian electricity supply industry is also getting better. I'm happy to say that since 2020 the Nigerian Electric Deregulatory Commission has executed all its diagonal review processes without fail. Now this is a major difference from the past. In 2019 subsidies reached a peak of $584 billion Naira in an environment that became so burdensome for the Nigerian Government's fiscal position. The introduction of the Service-Based Tariff the Payment Discipline Initiative for the sector which was jointly organized by NERC and the CBN and the introduction of the National Mass Mittering Program have led to a doubling of market collections in the Nigerian electricity supply industry from 40 billion Naira a month in 2020 to a record 80 billion per month in the first quarter of 2023. In 2021 and 2022, five unperforming discos were brought into a restructuring program that has led to a 10 billion Naira per month reduction in short falls. If this trajectory continues then it means that the Nigerian electricity supply industry will attain self-sufficiency by the end of 2023. In other words, it will be able to resource itself, pay for itself. The challenge before us is for the industry to leverage the improved commercial environment that has been created to sustainably supply electricity and improve service to all our citizens. Our administration has made significant strides in this direction. The administration has created programs for off-grid electrification and we also revamped the Rural Electrification Agency such that it now has the capacity to provide renewable off-grid electricity supply on a first-class basis. This administration has also completed concessions as you heard the Zungeru Hydroelectric Power Plant that will add another 700 megawatts of renewable energy to our energy mix. We believe we are on track to electrify all Nigerians in the next decade as we look forward to the next administration skinning up already existing programs. Despite all these, we will not make progress if our industrial and urban power supply that is anchored on large-scale gas power plants such as the AFAM III power does not improve. Despite having one of the largest gas reserves in the world, the gas supply and security for the power sector has remained inconsistent and is hampering reform. In 2022, a gas supply stabilization fund of 40 billion was established by the Nigerian Electricity Regulatory Commission NERC to provide advanced payment security to all gas suppliers in the electricity supply industry. Consistently, gas suppliers to the sector had claimed that payment certainty was the greatest challenge to supply. Unfortunately, the payment security has not led to improved supply certainty. So I encourage gas producers and gas suppliers to have a fundamental rethink about supply security and prefer ways to ensure our gas supply can improve and meet the gap and growing demands of the Nigerian Electricity Supply Industry. Some areas to further explore would be to depend perhaps more on non-associated gas and specific gas fields to supply the power industry at more liberalized rates. Also, more joint regulatory partnerships are needed between NERC and the oil and gas regulatory agencies over gas supply to the power sector. Particularly, every gas company supplying to the power sector should have a requirement to have some form of contractual obligations with penalties for non-performance. We must eliminate all best and bearable contracts for gas supply to the power sector. I also urge the Nigerian National Petroleum Corporation, the NNPC Limited to work constructively with the power companies in order to improve stability of supply from the Ocolomo Gas Plant and its associated fields so we can have maximum output of the 1.5 gigahertz of energy capacity in this Afarmic cluster. Let me end with special commendations. First, to the federal government for starting and completing this project. I recall a number of years ago when General Electric spoke to us about the idea of bringing new state-of-the-art aerodynamic gas power units to place at the time the president's advisor on infrastructure was on the GE side, he's now on the government side. And the whole idea was to replace the scrapped Afarm 3 power plant with this new technology. To some it seemed fanciful, giving a negative investment environment for power in the country at the time. That commitment and partnership with General Electric has now resulted in this additional 2.4 billion watts of capacity in this very important Afarm cluster that houses our most important power assets in the country today. Then of course the reverse state government and the Afarm Paraman ruler and the communities are joining Afarm for working constructively with the power companies to ensure continued peace and security in the Afarm cluster without which we wouldn't be here today commissioning this project. Also to General Electric for its continued investments and partnership with Nigeria to improve our electricity industry. With the DPP and the entire BPE team and of course the National Council on privatization for another successfully completed transaction. And of course the Antonio Ludi serial power investor and the entire PASCO team but yet another great power sector investor. I'm confident that we have all that we require to create one of the best power markets in the world. I'm also confident that it will happen within our lifetimes. Thank you and God bless the Federal Republic of Nigeria.