We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Nigeria: Senate demands immediate reversal of power privatisation

The Senate on Tuesday asked the Federal Government to consider a comprehensive review of the power privatisation policy with a view to reversing the current arrangement.

in Business
Reading Time: 2 mins read
1 0
0
Nigeria: Senate demands immediate reversal of power privatisation
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

The red chamber said Nigerians would not enjoy stable power supply in the next 10 years if the activities of the distribution companies were not reviewed and restructured.

The Senate President, Ahmad Lawan, stated this on Tuesday after the Senate had considered and approved a motion by Senator Gabriel Suswan on the power sector recovery plan.

He said, “We gave power to them (power generation and distribution companies) and they still come to the public to ask for funds.

“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.

“If we leave it, we may not have power for another 10 years.”

More

Kenya turns resources into results: the economy grows and strengthens

Nigeria accelerates economic transformation with key reforms and signs of recovery

Rwanda combines youth innovation and circular economy to build a resilient nation

Lawan said, “The privatisation of the power sector has, so far, not been successful. We expected efficiency and effectiveness in the power supply.

“The Discos have no capacity to supply us power. The Gencos have challenges too.

“It is not a good commentary that we should continue to give them money. They’re private businesses. We need to review this privatisation.

“Our committee needs to investigate trillions spent. That’s a lot of money.

“Try to find out what has happened so far. Government needs to look at this whole thing.

“Maybe, government is not doing its own part. We need to find out.

“There is lack of capital, lack of investment. We feel very bad because we have no electricity and the country is suffering.”

The Senate also urged the Federal Government to suspend the planned electricity tariff increase due to take effect from July given the increased hardship occasioned by the coronavirus pandemic.

The upper chamber also commended the Federal Government for the proactive initiative to establish the N1.7tn Covid-19 crisis intervention fund to cater for critical issues on effective management of the pandemic.

Suswam, had while leading debate on the general principles of the bill, said stable and uninterrupted power supply was also a critical factor in management of COVID-19 pandemic patients at the designated isolation and treatment centres across the country.

Source: The Punch newspaper
africanian

africanian

Africanian News

  • Trending
  • Comments
  • Latest
Jump Shot: The NBPA x UM6P Innovation Challenge – A Game-Changer for African Entrepreneurs

Jump Shot: The NBPA x UM6P Innovation Challenge – A Game-Changer for African Entrepreneurs

March 24, 2025
Weather in Kenya: Climate, Seasons, and Average Temperature

Weather in Kenya: Climate, Seasons and Average Temperature

August 26, 2020
Kenya turns resources into results: the economy grows and strengthens

Kenya turns resources into results: the economy grows and strengthens

July 17, 2025
Kenya drives digital inclusion with a program to benefit over 50,000 people in three years

Kenya drives digital inclusion with a program to benefit over 50,000 people in three years

July 18, 2025
Kenya turns resources into results: the economy grows and strengthens

Kenya turns resources into results: the economy grows and strengthens

July 17, 2025
Mozambique leads ambitious reconstruction in Cabo Delgado with youth-centered and sustainable approach

Mozambique leads ambitious reconstruction in Cabo Delgado with youth-centered and sustainable approach

July 17, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.