The Federal Government’s failure to uphold strategic agreements has been described as a major setback to the speedy actualisation of the reforms and ongoing privatisation process in the nation’s power sector.
To this end, industry professionals, who spoke with our correspondent in separate interviews, observed that unless the government learnt to abide by agreed terms reached with stakeholders in the sector, the country might continue to suffer poor electricity supply.
The former Minister of Power, Prof. Bart Nnaji; a former Chief Executive Officer, Transmission Company of Nigeria, Mr. Akin Bada; and a senior executive member of TCN bemoaned the level of disagreements that had characterised the reform process.
Though the government is making frantic efforts to resolve the labour issues and the controversy surrounding the handing over of delegated authority to Canadian firm, Manitoba Hydro International, to manage TCN, industry experts declared that more should be done with respect to the upholding of agreements reached with private sector players.
Describing this as a challenge to investors, Nnaji explained that huge sums had been invested in the country’s electricity space since the commencement of the reforms.
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