Don Urges FG to Revisit Power Sector Privatisation

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Prof. Park Idisi, a lecturer, Department of Agriculture, University of Abuja, has urged the Federal Government to revisit all sectors privatised to local and foreign companies.

Idisi told the News Agency of Nigeria (NAN) on Wednesday in Abuja that this should be done to ensure that companies that bought the sectors provided adequate services and employment to the youth.

He said the government should revisit all sectors privatised, especially the power sector.

He said the sector was bought by investors that lacked competitive philosophy and intention to improve or develop the industry.

He said no reason should stop government to revisit the power sector, as the companies that bought the industry had failed to provide citizens energy needed.

” They keep bringing bills every months without power supply; they only want to make quick money with the collaboration of some top Nigerians,” he said.

He commended the current administration on its giant stride to revisit Ajaokuta Steel Industry, adding that such effort should be applied in the power sector.

Idisi said there were models to be used if government wanted to revisit the sector and make it functional, adding that experts would be able to proffer such solutions.

He said if not for corruption, Nigeria would not necessarily need to privatise its assets to provide jobs and grow the economy.

According to him, Lagos State is developing faster because the government is handling its responsibilities by providing employment to youths and creating enabling environment.

NAN reports that recently, business mogul, Aliko Dangote, suggested to the Federal Government to reverse power sector privatisation, as it was done wrongly.

Dangote said the buyers lacked understanding of the complexities of the sector.

The privatisation was conducted in 2013 to 18 companies, 11 distribution companies, six power generation companies and one transmission company.

 

Source: The Nation

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