Last month, the Senate President, Ahmed Lawan, during the deliberation of a motion on Nigeria’s power sector recovery plan, and the impact of the COVID-19 pandemic, said that power sector privatisation has failed, and called for its review. 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. All these notwithstanding, in late January ahead of the planned submission of reports on power sector reforms, the National Economic Council (NEC) hinted at backing the reversal of the power privatisation by the former President Goodluck Jonathan-led administration. In the Roadmap for Power Sector Reform designed by the Jonathan-led government, which championed the privatisation pact, it was clear that Nigeria has always known the importance of the power sector and the things to do to overhaul the sector. “We call on the government to reverse the power sector privatisation because it has failed.

Source: The Guardian June 07, 2020 04:41 UTC