Mr Abiodun Ogunleye is the Managing Director of PowerCap Limited. In this interview he speaks on issues in Nigeria’s power sector including the ongoing privatisation exercise.
What is your take on the ongoing privatisation of the power sector by the Federal Government?
The objectives of the exercise as disclosed in the Power Sector Reform Policy and the agenda midwifed by the ministry and the presidential committee appear to be on course, on the following counts; adjusted timeline, sale to private new owner’s, creation of regulatory and market structures and resolving key labour issues. But issues are still open relating to sustainability, legacy assets and liabilities, full resumption and takeover of assets by new buyers, conclusion of some labour related grievances and counterparts credibility challenges to full market operations.
New owners need to be careful not to find themselves in the traps that bedevilled the sector in the past; such traps include procuring services and technologies that are not futuristic and value driving, particularly new services, metering and billing infrastructures and the deception to take the cheapest routes and compromise quality and sustainability. There is no quick fix because at the end of the day the end game would be how to ensure the underlying assets are performing in a sustainable way and ensure customers are
The objectives of the exercise as disclosed in the Power Sector Reform Policy and the agenda midwifed by the ministry and the presidential committee appear to be on course, on the following counts; adjusted timeline, sale to private new owner’s, creation of regulatory and market structures and resolving key labour issues. But issues are still open relating to sustainability, legacy assets and liabilities, full resumption and takeover of assets by new buyers, conclusion of some labour related grievances and counterparts credibility challenges to full market operations.
New owners need to be careful not to find themselves in the traps that bedevilled the sector in the past; such traps include procuring services and technologies that are not futuristic and value driving, particularly new services, metering and billing infrastructures and the deception to take the cheapest routes and compromise quality and sustainability. There is no quick fix because at the end of the day the end game would be how to ensure the underlying assets are performing in a sustainable way and ensure customers are
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