Labour Prompts FG To Privatize Failing Power Sector

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Labour has reiterated its call on the Federal Government to review the privatization of the Power sector as the nation continues to grapple with worsening power supply.

Speaking through the Trade Union Congress of Nigeria, TUC, and United Labour Congress of Nigeria, labour contended that the poor performance of the power sector was evidence of ineffectiveness of governments and the new owners.

According to the President of ULC, Comrade Joe Ajaero, ULC said: “Again, we use this opportunity to insist that the federal Government should revisit the Privatisation of the Power sector and should not allow all the noise from within its ranks to distract it unless it is not prepared to rescue the sector and the embarrassment it has become to Nigerians under its watch.

That Nigerians are forced to pay for darkness in the guise of estimated bills should worry this Government; that we are still celebrating 3,000 to 4,000 MW after the promise of Privatisation of electricity is a tragedy.

“We suggest that the Government invokes the necessary clause in the Privatisation act that allows it to reacquire the Companies in order to reverse the negative trend in the sector.

Without a viable power sector, all the talk about diversification will remain a mirage; without electricity, SMEs are doomed and will not take-off and without adequate Power, we cannot hope to run a modern economy.

It is time for the Government to live up to their promise on assumption of office to revisit the Privatisation of the Electricity companies.

 

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