FG To Review Power Sector Privatisation, Engage Discos On New Investors

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The Nigerian government on Thursday gave an indication that it would soon review the privatisation of the power sector in the country to enable government restructure the power firms’ ownership and capacity to deliver value to the people, Premium Times reports.

The Minister of State for Budget and National Planning, Zainab Ahmed, said at the closing of the 23rd Nigerian Economic Summit (NES) in Abuja that the review would involve the restructuring of the ownership of the power firms to ensure that owners who do not demonstrate sufficient capacity to operate their facilities cede their stakes to new investors.

Ahmed, said this was to open up the sector for new investors to bring in fresh capital to make the sector more functional.

She said negotiations would commence with power distribution companies (DISCOs) where the country is having the most difficulties in ensuring adequate power supply.

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