The Nigerian Senate has bemoaned the inefficacy of the Nigerian power sector. They asked the Federal Government of Nigeria to forthwith reverse or cancel the entire privatization process which was done during President Goodluck Jonathan‘s tenure.
According to the senate, with the way things are going Nigeria may suffer from poor electricity for another ten years.
President of the Senate, Senator Ahmad Lawan described the current plight of Nigerians as ‘disheartening’ because the government continues to spend huge sums of money on electricity.
He, furthermore, stated that the senate has set up a committee that would investigate trillions spent so far to revigorate the power sector without commensurate results.
“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,” Vanguard quoted the senate president as saying.
“If we leave it, we may not have power for another ten years”
“We expected efficiency and something better. DISCOS have no capacity to supply us power. We shouldn’t continue to give them money. They’re private businesses.
“We need to review this whole thing. Something is wrong.
“Our committee needs to investigate the trillions spent. That’s a lot of money. Try and find out what has happened so far.
He went on to suggest that The government might not be doing its part in ensuring that the DisCos reach the required standard.
Meanwhile, they’ve ordered the suspension of an in increase in the cost of electricity pending a review.
