The House of Representatives has opposed the alleged plan by the Federal Government to sell Afam Power Generation Company as a dilapidated asset. Asking that the process of the company’s privatisation be reversed, the lower chamber of the National Assembly warned that sale of the firm would be counterproductive.
The House passed a resolution on Wednesday following the adoption of a motion entitled, ‘Need to Investigate the Planned Privatisation of the Afam Power Plc by the Bureau of Public Enterprises as a Dilapidated Asset.’ A member, Mr Ayodele Oladimeji (PDP, Ado Ekiti/Irepodun/Ifelodun Federal Constituency), moved the motion.
Granting prayers of the motion, the House unanimously resolved to urge the National Council on Privatisation to “immediately suspend the process of privatising Afam Power Plc on a fast-track transaction basis to allow for completion of the repairs of Phases 4 and 5 machines, as well as the construction and rehabilitation of Afam Power Plant road being undertaken by the Federal Roads Maintenance Agency to enhance its value.”
Source: The Punch