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LequteMan
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Nigeria- Minister of Power, Prof. Chinedu Nebo, yesterday advised the incoming administration not to reverse the sector’s privatisation, saying it's a big mistake.
This follows several calls for the president-elect to cancel and reverse privatization of the sector.
Read: Atiku: Buhari Has to Reverse Privatization of Power Sector for Nigeria to Move on
According to The Nation, the power minister believes such action will not be in the interest of the country as it will bring the nation backwards.
“On privatisation, I think the incoming government will be ill-advised to reverse privatisation and liberalisation of power generation, transmission and distribution because any attempt to do that would be to set Nigeria back many many many decades.
“The gains of privatisation are very obvious. If we can solve the problem of gas like we are talking about energy mix, we are not just going by gas we are doing hydros. It was this same administration that flagged off Zungeru hydro power plants for 750 megawatts (Mw) and its a bid to flag off Mambilla 3,050 Mw, Shiroro has been improved, revamped, Kanji revamped and improved, the same as Jebba.
“So, there is a lot of work being done by the government, however to turn back on privatisation would mean stopping all of these companies and then reversing the massive in-flow of investments coming into the power sector.
“Nigeria’s power consumption per capita is one of the lowest in the world and that is part of the efforts of government to reverse that. So, I don’t think it is in the best interest of the country.”
#Nigeria #Buhari #Nebo
This follows several calls for the president-elect to cancel and reverse privatization of the sector.
Read: Atiku: Buhari Has to Reverse Privatization of Power Sector for Nigeria to Move on
According to The Nation, the power minister believes such action will not be in the interest of the country as it will bring the nation backwards.
“On privatisation, I think the incoming government will be ill-advised to reverse privatisation and liberalisation of power generation, transmission and distribution because any attempt to do that would be to set Nigeria back many many many decades.
“The gains of privatisation are very obvious. If we can solve the problem of gas like we are talking about energy mix, we are not just going by gas we are doing hydros. It was this same administration that flagged off Zungeru hydro power plants for 750 megawatts (Mw) and its a bid to flag off Mambilla 3,050 Mw, Shiroro has been improved, revamped, Kanji revamped and improved, the same as Jebba.
“So, there is a lot of work being done by the government, however to turn back on privatisation would mean stopping all of these companies and then reversing the massive in-flow of investments coming into the power sector.
“Nigeria’s power consumption per capita is one of the lowest in the world and that is part of the efforts of government to reverse that. So, I don’t think it is in the best interest of the country.”
#Nigeria #Buhari #Nebo