Controversy surrounding the proposed sale by the Federal Government of the five National Integrated Power Projects (NIPP) assets should not be surprising, considering the obvious failure of the privatisation exercise of power distribution aspects of the sector, for which Nigerians are still suffering. The question that readily comes to mind is whether or not the […]
Controversy surrounding the proposed sale by the Federal Government of the five National Integrated Power Projects assets should not be surprising, considering the obvious failure of the privatisation exercise of power distribution aspects of the sector, for which Nigerians are still suffering.
Reports indicate that the Federal Government through the Bureau of Public Enterprises has commenced due diligence assessment of the 16 pre-qualified investors shortlisted for the acquisition of the five power plants. Speaking under the aegis of the NCPN, power consumers described plans by the BPE to sell the power plants as “miscalculated action that has national security risks’, noting that the Special House of Representatives Joint Committees should meet to commence inquiry into the matter and urged the lawmakers to halt the planned sale.
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