Chairman of the House of Representatives Committee on Power, Hon Patrick Ikharhiale, has supported the federal government’s decision to privatise the power sector, saying that is the only way that Nigeria can break out of the shackles of irregular power supply.Ikharhiale, who said this while briefing journalists over the weekend, said the legislature had expressed its support for the privatisation exercise because having discovered in the course of its oversight functions that over 60 percent of this nation’s problems is irregular power supply, and unless the private sector invests in the power sector, the government will not be able to achieve any progress.
“Power should not be left in the hand of the federal government; it would not work. Unless the private sector is allowed to participate in the generation, transmission and distribution of power, not much will be achieved,” he declared.
He also revealed that the federal government had concluded all arrangements for the privatisation of the power sector, but advised that the horse should not be put before the cart, and as such, all ongoing projects in the sector should be completed so that investors would be attracted to put in their resources.
The lawmaker explained that the federal government had generated enough megawatts but needs private participation for the distribution to the end users, even as he stressed that government lacked enough funds to maintain the plants.
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