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ProfRem
Guest
The Association of Nigerian Electricity Distribution Companies (ANEDC) has described the call for a reversal of the privatised power sector by the President of Dangote Group, Aliko Dangote, as reckless.
The Federal Government had on Sept. 30, 2013, following the privatization process initiated by the Goodluck Jonathan regime, divested its shares from the Power Holding Company of Nigeria.
The company was divided into separate companies or entities called Local Electric Distribution Companies or Local Distribution Companies (LDC). Each company is responsible for handling electricity distribution in each state or region.
In May 2016, the structure of the companies consisted 11 distribution companies (DISCOs), six generation companies (GENCOs) and one Transmission company (TCN), all being regulated by the National Electricity Regulatory Commission (NERC).
The Executive Director, Research and Advocacy of the ANEDC, Mr Sunday Oduntan, however, condemned Dangote’s view in a telephone interview with the News Agency of Nigeria (NAN) on Tuesday.
Dangote had recently call for the reversal of sales of facilities in the power sector when he featured as a guest lecturer at the National Institute of Policy and Strategic Studies (NIPSS), Kuru, Plateau.
He had said the sector’s privatisation by the Federal Government was done wrongly and suggested that it should be reversed in the national interest.
Reacting to the suggestion, Oduntan said it was too early for Dangote to conclude that the privatisation of the sector was a failure, noting that the sector was just three years post–privatisation.
The Federal Government had on Sept. 30, 2013, following the privatization process initiated by the Goodluck Jonathan regime, divested its shares from the Power Holding Company of Nigeria.
The company was divided into separate companies or entities called Local Electric Distribution Companies or Local Distribution Companies (LDC). Each company is responsible for handling electricity distribution in each state or region.
In May 2016, the structure of the companies consisted 11 distribution companies (DISCOs), six generation companies (GENCOs) and one Transmission company (TCN), all being regulated by the National Electricity Regulatory Commission (NERC).
The Executive Director, Research and Advocacy of the ANEDC, Mr Sunday Oduntan, however, condemned Dangote’s view in a telephone interview with the News Agency of Nigeria (NAN) on Tuesday.
Dangote had recently call for the reversal of sales of facilities in the power sector when he featured as a guest lecturer at the National Institute of Policy and Strategic Studies (NIPSS), Kuru, Plateau.
He had said the sector’s privatisation by the Federal Government was done wrongly and suggested that it should be reversed in the national interest.
Reacting to the suggestion, Oduntan said it was too early for Dangote to conclude that the privatisation of the sector was a failure, noting that the sector was just three years post–privatisation.
