Some experts on power have urged the Federal Government to urgently review the privatization of the power sector as part of efforts to address challenges in the sector.
The experts told the News Agency of Nigeria (NAN) on Sunday in Abuja that eight years after the privatization of the sector, there was a need to review the performance of the investors.
Mr. Kunle Olubiyo, the President, of Nigeria Consumer Protection Network, told NAN that the way out of the epileptic power supply was to revisit the privatization that was done in 2013.
“The privatization was done in November 2013 and in 2018, they were supposed to do a review, but that has not been done.
“ Immediate review of the privatization is needed to break the monopoly in the power sector. The present license given to the investors should be reviewed,’’ he said.
On metering, Olubiyo said there should be a clear-cut policy direction.
“Consumers should be allowed to buy their meters and get refunds through electricity credit/token,’’ he said.
Mr. Demeji Macauley, the National Organiser of, the Revolutionary Socialist Movement (RSM), said what the power sector required was renationalization due to its importance in the economy.
Macauley said that the power sector needs massive public investment to enable it to expand to 21st-century infrastructure, adding that it was only the government that could make it happen.
He said that with massive investment in the sector, consumers would get an adequate power supply.
“Workers in the sector also need motivation via decent working conditions in order to guarantee uninterrupted electricity at an affordable tariff rate,’’ he said.
On his part, Mr. Princewill Okorie, the National President of, the Association for Public Policy Analysis (APPA), a civil society group said that privatization of the sector was just like any other policy in the country.
He said that privatization was not the problem, adding that no policy work without proper implementation.
“Nigeria has a lot of laws but the problem is not about the law but the implementation and enforcement are where the problem is.
The institution set up to monitor the privatization policy should do more to make it work” he said.
NAN recalls that the power sector was privatized in November 2013, with six power generation plants and 11 electricity distribution companies handed over to the private sector.
The Federal Government, however, retained control of the Transmission Company of Nigeria (TCN).
The sector was unbundled and partially privatized to establish a competitive market intended to improve management and efficiency, attract private investment, increase generation, and provide a reliable and cost-efficient power supply.
On taking over the power plants, the new investors were expected to refurbish, maintain, replace, operate and expand the capacities of the plants to achieve their mandate of generating electricity for the country.
