- Post by Admin on sunday, March 05, 2015
The Federal Government will not review the privatisation of the power sector, rather it will review the aspects of the exercise that have made the industry to perform poorly over the years, senior officials of the Ministry of Power, Works and Housing have explained.
The power sector was privatised on November 1, 2013, when the Federal Government formally handed over the successor companies of the defunct Power Holding Company of Nigeria to private investors.
The abysmal performance of the sector, particularly that of the power distribution companies since the industry was privatised, has prompted calls for a total review of the entire privatisation process. But instead of reviewing the whole process, officials at the ministry stated that the government had decided to review aspects of the privatisation that were problematic through the Power Sector Recovery and Implementation Programme.