Senate president says power privatisation fraudulent
- The president of the Senate, Ahmad Lawan, has faulted the 2013 privatisation of the power sector
- According to the Senate president, the privatisation was fraudulent
- As a result of this, he urged the FG to declare a state of emergency on the sector
Ahmad Lawan, Nigeria's Senate president has described the 2013 power sector privatisation as fraudulent.
The Senate president disclosed this while declaring open a roundtable discussion organised by the Senate committee on power.
As a result of this, Lawan urged the federal government to declare a state of emergency on the power sector, Daily Trust reports.
Going further, he admitted that there is no sector in the country that is as important as the power sector.
"I believe that this is a sector that needs a declaration of emergency. The truth is that we all know what is wrong. What we really need to do is to have the political will to take on the challenges generally.
“From the electricity power reform of 2005 to the privatization of Gencos and Discos and to what is happening today, we know that everything is a fraud. If we play the ostrich, in the next 10 years, we’ll be talking about the same things
Recall that Legit.ng had reported that the federal Ministry of Power introduced a new electricity distribution policy called "willing seller, willing buyer.''
Source: Twitter
Legit.ng gathered that under the new policy, electricity would be wheeled directly from power generation companies to willing consumers who are ready to fully settle their bills.
The willing consumers may include community and commercial clusters, industrial areas and hospitality sectors.
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Speaking on a radio programme in Kano on Tuesday, December 3, the minister of power Engr Sale Mamman said, the policy was designed to save energy losses in the power sector and assist generation companies who have not been getting the full payment for their generated power.
He said the policy has already taken off as a pilot scheme in two states.
Source: Legit.ng
