The Senate of the Federal Republic of Nigeria has demanded for a comprehensive review and reversal of the power privatization.
According to the senate, until the activities of the power distribution companies in the country were review and restructured, Nigerians would not enjoy stable supply even in the next 10 years.
“We gave power to them (power generation and distribution companies) and they still come to the public to ask for funds,” Senate President Ahmad Lawan said on Tuesday.
The motion for the review of the power privatization was moved by Senator Gabriel Suswan.
Speaking further, Lawan said; “I think it’s time for Nigeria to consider reversing the privatisation of the power sector or they should just cancel the entire privatisation process completely.
“If we leave it, we may not have power for another 10 years,” he added.
“The privatisation of the power sector has, so far, not been successful. We expected efficiency and effectiveness in the power supply.
“The Discos have no capacity to supply us power. The Gencos have challenges too.
“It is not a good commentary that we should continue to give them money. They’re private businesses. We need to review this privatisation.
“Our committee needs to investigate trillions spent. That’s a lot of money.
“Try to find out what has happened so far. Government needs to look at this whole thing.
“Maybe, government is not doing its own part. We need to find out.
“There is lack of capital, lack of investment. We feel very bad because we have no electricity and the country is suffering.”
The red chamber further urged the Federal Government to suspend the July planned electricity tariff increase considering the hardship caused by the coronavirus pandemic.
David Chima is the Group Head (Editors) at Naija Buzz News. He is a very experienced Journalist. He studied Mass Communication at the Nuhu Bamalli Polytechnic Zaria, Kaduna State, before proceeding for Advanced Studies in Mass Communication (Journalism) at the Federal Polytechnic Bauchi, Bauchi State. He previously served as the Head Senior Reporters and Publishers at 1Push.Ng and eventually Naija Buzz News. Chima is a lover of football and a very strong supporter of Barcelona Football Club Spain.