Successful Privatization Of PHCN Greatest Achievement Of Any Govt, Says Minister

MINISTER OF POWER, PROF. CHINEDU NEBO
MINISTER OF POWER, PROF. CHINEDU NEBO

The Minister of Power, Prof. Chinedu Nebo, yesterday hailed the successful privatization of Nigeria’s power sector as one of the greatest achievements that could be recorded by any government.

According to Nebo, the privatization process was carried out diligently despite the series of challenges and bottlenecks that were associated with the procedures.

Nebo, who made this know while speaking at a media briefing in Abuja said, “The handover of the power firms to their new owners is one of the greatest achievements that can be recorded by any government. And this feat has been successfully completed by this administration.

“It will interest you to know that the issue of labour alone is enough to frustrate any government if care is not taken. But despite all the complaints, challenges and bottlenecks, this government successfully transited from a public owned power sector to a private driven industry”.

He observed that the privatization of the sector had warranted “significant pressure” on the Federal Government.

“A lot of interests were generated, teething challenges were experienced, but with all the pressure we have ensured that we remain committed”, Nebo said.

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