Power privatisation fraudulent – Senate president »

Senate President Ahmad Lawan yesterday described as fraudulent, the 2013 power sector privatisation. Lawan, while declaring open a roundtable discussion organised by the Senate Committee on Power, urged the Federal Government to declare a state of emergency on the power sector.

“For me, if there’s any sector of our economy that is so important and yet so challenged, it is the power sector. I believe that this is a sector that needs a declaration of emergency.

“The truth is that we all know what is wrong. What we really need to do is to have the political will to take on the challenges generally. “From the electricity power reform of 2005 to the privatization of Gencos and Discos and to what is happening today, we know that everything is a fraud. If we play the ostrich, in the next 10 years, we’ll be talking about the same things Country Representative, Energy Market and Rate Consultants, Rahila Thomas, urged the government to inject N1.23trn into the generation and distribution companies in the supply chain.

DAILY TRUST