• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs Takes Anti-Money Laundering Fight to the Skies

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria Customs, ICPC and the Audit of Conscience

      Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

      President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

      Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO…

  • National
    • Bar Everestus Ugwuowo Suspended from Legal Practice for Five Years Over…

      Troops helping the rescued civilians to the military truck

      In Niger, 40 Women, Children Rescued from Boko Haram After Months…

      ASUU

      “No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike

      Nigerian Navy's newest landing ship tank launched in Sharjah, UAE.

      From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as…

      Police Officer

      Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover Weapons

    • Government
      • ASUU

        “No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike

        NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting…

        At BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health…

        Tinubu conference centre generates N700m in 3 weeks – Wike

        Soldiers

        Soldiers, forest guards to tackle insecurity in Kwara State

  • Security
    • Troops helping the rescued civilians to the military truck

      In Niger, 40 Women, Children Rescued from Boko Haram After Months…

      Nigerian Navy's newest landing ship tank launched in Sharjah, UAE.

      From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as…

      NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting…

      Police Officer

      Police Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover Weapons

      NDLEA Logo

      NDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects…

  • Features
    • Nigerian Navy's newest landing ship tank launched in Sharjah, UAE.

      From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as…

      What Life Really Looks Like for Nigerians Battling Sickle Cell, By…

      Shittu Yunus Shittu

      Can Nigeria Lead Africa’s AI Revolution? By Shittu Yunus Shittu

      162 years of the Nigerian Army celebrations

      The First Shot and the Long March: Reflections on 162 Years…

      From SDP to ADA to ADC: Can the New Opposition Coalition…

  • State
    • Bar Everestus Ugwuowo Suspended from Legal Practice for Five Years Over…

      NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting…

      NDLEA Logo

      NDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects…

      NAF Airstrikes, NAF Air, NAF jets

      Scores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in…

      Troops of Operation FANSAN YANMA

      Troops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in Katsina

  • Event
    • Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

      Troops of the Nigerian Army giving a salute

      162nd Anniversary: Tinubu Salutes Nigerian Army, Hails Troops as Guardians of…

      President & Chairman of Governing Council, Dr. Ike Neliaku

      NIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE…

      SCN NGO signs partnership with PRNIGERIA

      SCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian Projects

    • PR Nigeria Award
  • E-Paper
Home Government Power Sector Privatization: Power Ministry Refutes Daily Trust’s Lead Story
  • Government

Power Sector Privatization: Power Ministry Refutes Daily Trust’s Lead Story

By
Hakeem Bello
-
June 3, 2016
Fashola
Works Minister Fashola

Babatunde-Fashola-001As Minister, I inherited a Power Sector where Government interests had been LEGALLY sold…- FASHOLA

The Ministry of Power, Works and Housing, Wednesday debunked the Daily Trust’s lead story of same day quoting the Minister , Mr Babatunde Fashola SAN as saying that the nation’s Power Sector was illegally sold.

The alleged statement, according to Daily Trust, was made on Tuesday at the Senate public hearing on electricity tariff where the Minister was alleged to have told the Senate Committee that as a Minister he inherited a Power Sector “where government’s interests have been illegally sold.”

In a statement, his Special Adviser on Media, Mr Hakeem Bello, distanced the Minister from the alleged pronouncement saying in all presentations before the Senate Committee, the Minister never used the word “illegally” to refer to the privatization of the Sector by the Federal Government. Rather, and this can be verified by a playback of the video recording of the session, the Minister in his opening remark at the session noted,

“ …As  Minister, I inherited a Power Sector where Government interests had been LEGALLY sold…”

According to the Statement, the Minister in tracing how the country got to this point referred to the Privatization Law made in 2005, “The people of this country through their parliamentarians made a verdict in 2005 when you passed that law that things must change, the law was passed in 2005 and the process was completed in 2013, I wasn’t here, some of you were here, if the process is bad where was the oversight”.

The Statement also quoted the Minister as telling the Senate, “I will commend to this Committee the Report of the House of Representatives that investigated the matter. I will also commend to you Sirs, some of the Reports that have been made by the Senate Committee on Privatization. The basic reason for the passage of the Power Sector Reforms Bill that was passed in 2005 is that we all know that the government was not doing its business well”.

It  stated that in apparent defence of the Law, the Minister also told the Senate, “These decisions were taken before any of us was here. If it was working why change it, who were the people that were employed to make it work, it was our employers in the TUC and other unions, and if they complain that the dam was not working and the power plant was not working, that was why they were hired”.

And describing the Power Sector Reform Law as “a great law”, according to the Statement, the Minister, who had made reference to a question by one of the Senators as to when the results of Privatization would be seen, had reminded the Senate Committee that the privatization exercise would be three years old in November this year, citing the example of the Communication Sector that was privatized over ten years ago which benefits were still evolving.

It quoted the Minister as saying, “Let us reflect back to a sector that we have privatized like this before, were the results this outstanding three years after we passed the GSM reforms? As we speak today some people can still not afford the GSM; some are going to buy tomorrow. When the GSM kicked off, they did not kick off in Abuja, they opened first in Kano, Lagos, Port Harcourt and Aba, that were commercially viable, those were tariffs being set for those who could pay for it.”

Read Also:

  • Bar Everestus Ugwuowo Suspended from Legal Practice for Five Years Over N29m Property Scam
  • In Niger, 40 Women, Children Rescued from Boko Haram After Months in Captivity
  • “No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike

The Minister, the Statement also quoted, told the Committee that three years was hardly enough to expect any significant results from the exercise adding, “But I have been here for a year and less and I think that this system can work , India has done what we are doing, China has done what we are doing, Mexico has done what we are doing, Brazil has done what we are doing and South Africa ,they went through all of these hiccups and I think we should inform ourselves before we jump to some conclusions really. If we cancel this privatization, what do we go back to, what are our choices”.

“If other nations have been through this and have survived, I think we must resolve to do what it takes to make it work”, the Statement also quoted the Minister as saying, asking the question, “Is three years enough? ECN was created in 1953; … I don’t know that time, but the truth is that in those 63 years how many people did ECN meter so as to expect that same number can be metered in three years, so we must look at this in a context”.

Also debunking the allegation that the Distribution companies were yet to make a significant investment in the sector, the Minister had said, “We have a challenge and I think it can be overcome, people have made statements here that are not correct and they may mislead you saying there are no investments in the sector. Just on Monday the United States through its Power Africa Initiative granted support in the region of $9 million for technical advisory capacity to the same DisCos trying to build efficiency, it is one thing to condemn all the DisCos but to say shut down the business, where is that taking us”.

Some other remarks which the Minister made at the event, according to the Statement include the following; “People have said the DisCos, it is possible that some of them do not have the technical capacity, it is possible that some of them do not have the financial capacity, there were institutions here when those decisions were being taken, I wasn’t here but I have decided to stop clinging to the past and move on, how can we help those who are weak, how can we support those who have technical deficiency?”

“In terms of regulation, we are moving from a period where there was no NERC and therefore, the Ministry was the be all and end all to the period where we have to create a private regulator.  Just like you have the NCC in telecoms, NERC is the NCC of power and it will take time also. Everybody is learning, we have had to reconstitute the traditional departments in the Ministry of Power in order to create departments that respond to what we now have.

“I come from a view that you don’t sanction a people unless you have given them all the tools to work. Governments, ministries, departments and agencies are owing these people, there are also debts; tariffs were set on assumed level of power supply, government has not delivered on that power supply, so the fundamental assumption of performance are also not there.

“Government cannot deliver on that power partly because the fuel for that power is being punctured; it’s like leaking the fuel of your own generators, we cannot insist on performance. We have no moral right to sanction them if we have not kept our side of the bargain. But we are insisting on performance, we have asked them to submit their audited accounts for the last 3 years, some have done so while others have not done so, we have started a ranking system, ranking safety, ranking performance, ranking collection to create competition as a basis for sanctioning performance, so that the rules of the game are clear from the beginning.

Describing the Daily Trust report as unfounded and misleading, the Statement enjoined newsmen to always endeavour to clarify their facts before going public , pointing out that the media department and indeed other officials of the Ministry were always ready to answer questions and clarify any issues concerning the Ministry.

HAKEEM BELLO

SPECIAL ADVISER,

COMMUNICATIONS

TO THE HON. MINISTER

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Babatunde Fashola SAN
  • Daily Trust
  • Ministry of Power
  • Works and Housing
Previous articleReport For CCT activities in the year 2014 and 2016
Next articleFG Directs Banks To Suspend Retrenchment
Hakeem Bello
Hakeem Bello
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

ASUU

“No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike

NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting in Algeria

At BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health Systems

Tinubu conference centre generates N700m in 3 weeks – Wike

Soldiers

Soldiers, forest guards to tackle insecurity in Kwara State

MUSWEN Muslim Ummah of South West

MUSWEN Renews Call for Shariah Courts to Regulate Affairs of Muslims

Corporate Affairs Commission

CAC Unveils AI-Powered Registration Portal to Revolutionize Business Registration in Nigeria

Employment: ICPC Secures Conviction of FAAN Staff

Staff of PRNigeria with federal lawmakers

Federal Lawmakers Endorse PRNigeria Fellowship, Pledge Support for Youth Empowerment

G7 Countries

Iran Must Never Possess Nuclear Weapons – G7 Declare

Nigerian Dignitaries, Business Leaders Attend Aminu Dantata’s Burial in Madinah Saudi Arabia

Dantata laid to rest at Medina Cemetery

Legendary Business Mogul Aminu Dantata Laid to Rest in Madinah Cemetery

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Bar Everestus Ugwuowo Suspended from Legal Practice for Five Years Over N29m Property Scam
  • In Niger, 40 Women, Children Rescued from Boko Haram After Months in Captivity
  • “No Pay, No Work”: ASUU Orders Members to Commence Nationwide Strike
  • From Lake Chad to the Atlantic: The Nigerian Navy’s Rise as a Force for National and Continental Stability By Musa Ilallah
  • NPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting in Algeria
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Bar Everestus Ugwuowo Suspended from Legal Practice for Five Years Over N29m Property ScamIn Niger, 40 Women, Children Rescued from Boko Haram After Months in Captivity"No Pay, No Work": ASUU Orders Members to Commence Nationwide StrikeFrom Lake Chad to the Atlantic: The Nigerian Navy’s Rise as a Force for National and Continental Stability By Musa IlallahNPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting in AlgeriaNigeria Customs Takes Anti-Money Laundering Fight to the SkiesWhat Life Really Looks Like for Nigerians Battling Sickle Cell, By Hafsat IbrahimPolice Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover WeaponsNDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects in EdoGroup Condemns Amaechi’s Comment as Inciteful, DangerousScores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in Mandara MountainsTroops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in KatsinaNAF Airstrikes Crush Terrorist Camps in Mandara Mountains, Kill Senior JAS FightersAt BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health SystemsTroops Nab Notorious Militia, Recover Weapons in Plateau State
X whatsapp