As Nigeria concludes power sector privatisation by handing everything over to private investors, successful buyers of the respective electricity firms have outlined reasons why the Federal Government must keep to the agreements reached during the process.
The power firms said each side of the bargain must respect the sanctity of the agreements for at least the next five years, as both international and local lenders rely on the accord.
They told our correspondent that Deposit Money Banks would not hesitate to halt the release of funds for the upgrading and fixing of the acquired power firms if they sensed any form of default on the part of the government.
The Chairman, Roundtable of Electricity Distribution Companies – a body which comprises the successful bidders of the power firms – Dr. Ransome Owan, stated that the conduct of the privatisation process was controlled by the pact between the government and the private investors.
No comments:
Post a Comment