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Wednesday, May 20, 2020

Power Sector Privatisation To Be Cancelled By The Senate

The Senate on Tuesday asked the Federal Government to consider a comprehensive review of the power privatisation policy with a view to reversing the current arrangement. The red chamber said Nigerians would not enjoy stable power supply in the next 10 years if the activities of the distribution companies were not reviewed and restructured .
The Senate President , Ahmad Lawan , stated this on Tuesday after the Senate had considered and approved a motion by Senator Gabriel Suswan on the power sector recovery plan .
He said , “ We gave power to them ( power generation and distribution companies ) and they still come to the public to ask for funds.
“ I think it ’ s time for Nigeria to consider reversing the privatisation of the power sector or they should just cancel the entire privatisation process completely .
“ If we leave it , we may not have power for another 10 years.”
Lawan said, “ The privatisation of the power sector has , so far , not been successful. We expected efficiency and effectiveness in the power supply .
“ The Discos have no capacity to supply us power . The Gencos have challenges too .
“ It is not a good commentary that we should continue to give them money . They ’re private businesses . We need to review this privatisation .
“ Our committee needs to investigate trillions spent. That ’s a lot of money .
“ Try to find out what has happened so far. Government needs to look at this whole thing .
“ Maybe , government is not doing its own part . We need to find out .
“ There is lack of capital, lack of investment. We feel very bad because we have no electricity and the country is suffering. ”
The Senate also urged the Federal Government to suspend the planned electricity tariff increase due to take effect from July given the increased hardship occasioned by the coronavirus pandemic.
The upper chamber also commended the Federal Government for the proactive initiative to establish the N 1. 7 tn Covid- 19 crisis intervention fund to cater for critical issues on effective management of the pandemic.
Suswam , had while leading debate on the general principles of the bill , said stable and uninterrupted power supply was also a critical factor in management of COVID -19 pandemic patients at the designated isolation and treatment centres across the country .

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FACEBOOK COMMENTS

Prince Babatunde Oladimeji John

what we want to see is action and not just talking talking...

Stoic Promise

This will be the best thing to happen to us.ndiaa emego anyi 30tY

Fehintola Adeola Olayiwola

Do you have a clause in the agreement to determine the contract.
1

Okeke Ginika

Betteroo

Abraham Chigbue

This is not the first time senate and federal government are saying this, after money change hand we will not hear this news again

Prince Nadison

Where were they when it was privatized and who approved it then? Nigeria is just a crack. Staggering around without any progress

Adaeze Okakpu Nwabue

That will be a good development, this is the worst thing obasonjo did to Nigerians

Doris Tochi

they should be fastoo

Chiroma Mohammed

WE SEE NOTHING WRONG IF IT IS IN THE INTEREST OF THE NATION

Uzordinma Sucredaniel Phoenix

This one na serious matter oooo

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