In Wake Of Recent Power Grid Collapse, Mikano Refutes Links To Atiku

Promoters of Mikano Generators, Mikano International Limited, have denied any affiliation with Alhaji Atiku Abubakar, a former vice president and PDP contender for president in the general elections of 2023.

According to a statement issued on Sunday, July 24, by the company’s managing director, Firas Mamlouk, Mikano has no connection to the former vice president Atiku.

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The statement read;

The attention of the Management of Mikano International Limited, promoters of Mikano Generators (amongst other products), has been drawn to numerous articles and press statements stating that the Company is owned by/affiliated with Atiku Abubakar, GCON.

This disclaimer is a notice to the general public that the news does not represent the true facts as it concerns Mikano International Limited. Please be informed that Mikano International Limited is not owned, affiliated, associated, authorized, endorsed by, or in any way officially connected with HE Atiku Abubakar GCON.

Members of the public are therefore advised to disregard the news.

Atiku Proffers Solution To Grid Collapses

The PDP Presidential candidate had proposed a solution to the continued collapse of the national grid.

He suggested innovative financing of infrastructure in the power sector.

The former Vice-President also said the financing would involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in the power sector.

In a post on his Facebook page, Atiku wrote;

I am reliably informed that there was a total National Grid Collapse at precisely 12:23pm today. This is one collapse too many. It is the 6th time this is happening this year alone.

Due to the priority that I place on the power sector upon which the successes of other sectors are hinged, I am proposing innovative financing of infrastructure that will involve the facilitation of a review of the financial, legal, and regulatory environment to promote private investment in power, among other sectors.

I’ll promote the incentivisation, with tax breaks, a consortium of private sector institutions to establish an Infrastructure Debt Fund (IDF) to primarily mobilise domestic and international private resources for the financing and delivery of large infrastructure projects across all the sectors of the economy.

The IDF will have an initial investment capacity of approximately US$20 billion. In addition, I’ll cause the creation of an Infrastructure Development Credit Guarantee Agency to complement the operation of the IDF by de-risking investments in infrastructure to build investor confidence in taking risks and investing capital.