Notice: session_start(): Ignoring session_start() because a session is already active in /home/cordly/public_html/header-menu.php on line 845




Latest Forum Posts


The Impact of Vidalista 20 mg on Erectile Dysfunction Relief - March 29, 2024
Fildena 200 Sildenafil Tablet to Solve Your ED Problem | Genericvilla - March 27, 2024
Fildena 120 Mg Buy Online at Trusted Pharmacy - March 27, 2024
Vidalista black 80 - Feel your partner Special - March 23, 2024
Altraz: Improvements in Breast Cancer Care - March 22, 2024
Zopisign 7.5mg Mode Of Action | Genericmedsstore - March 22, 2024
Aspadol 150 Online Best Pills For Muscular Pain | Genericmedsstore - March 22, 2024
Renew Your Passion: Cenforce 100 Blue Pill Tablets for Men - March 21, 2024
Get Vidalista 60 tablets to treat erectile dysfunction At Sildenafilcitrates, - March 21, 2024
What are the specific differences in how Cialis and Sildalist Strong 140 Mg operate at a molecular level to improve erec - March 20, 2024
What Is Zopicon 7.5mg MG? - March 20, 2024
Pain O Soma 500 Mg - Best pain relief treatment - March 20, 2024
Are Tadagra Prof 20 Mg products suitable for individuals with eczema? - March 20, 2024
Can taking two 50mg Malegra 50 Mg pills interact with medications used to treat circulatory system disorders or cardiova - March 20, 2024
The Power of Fildena Extra 150 in Erectile Dysfunction - March 18, 2024
Artvigil 150 mg- Buy Armodafinil Online - Pills4usa - March 16, 2024
Floating ball valve supplier in UAE - March 15, 2024
Why are my eyelashes getting thinner? - March 15, 2024
Super Kamagra Jelly- Most Trusted ED Medicine - March 14, 2024
Fildena 150 - ED medicine | Improve your love confidence - March 10, 2024


Buy eBooks on Laprice.com.ng

Discover Your Personality Type in Less Than 15 Minutes
Expert urges reversal of power sector privatisation for enhanced supply By Obayomi Abiola Benjamin On Monday 20th June 2022Investment & Entrepreneurship 125

Free Online Video Downloader - Cordly



An expert on power, Kunle Olubiyo, has called on the Federal Government to reverse privatisation of the power sector, describing it as a failure.

Olubiyo, who is President, of Nigeria Consumer Protection Network, made the call in an interview with the News Agency of Nigeria (NAN), in Abuja, yesterday.

He said the way out of the incessant power supply hiccups was for the government to source money and pay back the investors.

“It is either the Federal Government do a mid-term review of the privatisation process or total reversal of the privatisation. We did not get it right and you cannot give something on anything.

“There is a high level of fiscal indiscipline, they make a huge sum of money, they gain the system and they don’t do remittance,” he noted.

Olubiyo said the money government had spent on post-privatisation in a supposedly private sector-driven industry was more than what the government was giving to the defunct National Electric Power Authority (NEPA) and the Power Holding Company of Nigeria (PHCN).

He continued: “The Federal Government needs to reset the process and in doing that, we need to do a total reversal.

“As little as transformers, buying of materials that are needed to be used in maintenance, these investors cannot even do that.

“If you have investors who cannot replace cables and expand the network, then the process is not working.”

The expert said it was the non-state actors, consumers that had been investing in materials to fix transformers and other electrical faults.

Olubiyo insisted that such investment does not come with a refund, insisting that the essence of privatisation had failed and was not fair to the economy.

“We need to get the economy up and running, electricity is the major enabler for growth, job creation and industralisation.

“If you don’t get it right with electricity, it will equally transcend into social insecurity because youths are not gainfully employed.

“When electricity is perfect and working, people will not be waiting for government, the private sector will drive the economy.

“If we can’t make progress, we should be able to go back to the drawing board where we were for a public interest,” he advised.

NAN recalls that the power sector was privatised 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 privatised 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.

 

 

 

[GuardianNg]

Please login to participate in this forum!
My Accounts Categories Useful Links Affiliate Links Follow Us
Cordly is an online social marketplace that enables the connection of producers and consumers of products, services and talents across the Nigeria and abroad!.







Lost Password
Sign In
Sign Up








News and Society (169)
Self Improvement (167)
Business and Economy (107)
Leadership (136)
Politics (81)
Arts & Entertainment (68)
Health & Fitness (143)
Religion and Kingdom (68)
Real Estate (16)
Computers & Technology (23)
About Us
Contact Us
Get YouTube Thumbail
Sitemap







laPrice
Hubpile
Pay4ebooks
kpiBooks
Fridayposts
Flickers of Hope Foundation




CordlyNG on Facebook  Facebook

CordlyNG on Twitter  Twitter

CordlyNG Blog  Blog

Send Email to CordlyNG  Email