Details as to how President Goodluck Jonathan prevented Nigeria's power sector reform programme from collapsing have emerged, following a memo which was submitted to him by the Director General (DG) of Bureau of Public Procurement (BPP), Mr. Emeka Ezeh, recommending the cancellation of the management contract signed with Manitoba Hydro International to run the Transmission Company of Nigeria (TCN).
THISDAY gathered from a presidential source Monday in Abuja that the president was convinced to preserve the three-year management contract when certain key technocrats in the privatisation process hinted him of the possible far reaching implication of Ezeh's memo on the privatisation of successor companies carved out of the Power Holding Company of Nigeria (PHCN).
According to the source, the role which one of such technocrats, Mr. Atedo Peterside, played in his capacity as the Chairman, Technical Committee of the National Council on Privatisation (NCP), was instrumental in persuading the president and Vice President, Namadi Sambo, not to go ahead with the cancellation of the $23.7 million contract.
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