Fashola says Nigerians should blame private firms for poor electricity not FG

The Minister of Power, Works and Housing, Babatunde Fashola has told Nigerians to blame businessmen who operate the power sector for poor power supply in the country. He argued that the federal government had already privatised the sector.

Fashola, who spoke Wednesday night at the December edition of Nextier Power Dialogue in Abuja, drew an allusion to the telecommunication sector when he said people do not hold the minister of telecommunication responsible for poor services. He said: “If your telephone is not working, it is not the minister of communication that you go to. Let us be very clear.” “This is now a private business by Act of Parliament 2005,” Fashola maintained.

The federal government however retains 40 per cent stakes in the 10 DisCos and has operateed Yola DisCo since 2015 with the Bureau of Public Enterprises (BPE) serving on the DisCos’ boards. While some of the GenCos were concessioned and others sold off at higher stakes, the federal government could still wield control on them if it has a robust umpire in which case is the Nigerian Electricity Regulatory Commission (NERC).

Source: Daily Trust



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