Power Sector Privatisation Fraudulent - Senate President - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
December 10, 2019
The President of the Senate Ahmad Lawan has criticized the power sector privatisation that gave birth to the 23 Generation Companies, GENCOS and 11 Distribution Companies, DISCOS, maintaining that the exercise was allegedly falsified.
He stated this while addressing a roundtable on Nigeria’senergy crisis organised by the Senate Committee on Power in Abuja, adding thatfrom the Electricity Power Reform of 2005 to the privatisation of the GENCOS,DISCOS and to what is happening, Nigerians know that everything is scam.
The Senate President, who lamented over how the nationaleconomy had been adversely impacted by epileptic electricity supply, stressedthat the sector needed a declaration of state of emergency where courageousdecisions must be taken by government.
Also speaking, the Country Representative of Energy Marketand Rate Consultants, Rahila Thomas cautioned that the industry mightexperience more problems with attendant blackout in the coming weeks exceptgovernment makes 1.23 trillion naira available to the generation anddistribution companies for their survival.