13 November 2013, Abuja – Stakeholders in the nation’s electricity sector have tasked new owners of the successor companies of the defunct Power Holding Company of Nigeria (PHCN) to demonstrate requisite accountability and efficiency in the management of the assets.
They said management of the assets would go a long way in ensuring stability in the nation’s Nigeria Electricity Supply Industry (NESI), which is characterised by outages for several years
The cost of doing business in Nigeria has reached roof-tops, while some manufacturers have relocated outside the shores of the country due to high energy cost, they also said.
Speaking with our correspondent, an energy expert, Saliu Adebayo said with the successful conclusion of the sale of the generation and distribution companies and eventual takeover by new investors , Nigeria’s power sector would be revitalised.
He also said Nigerians would soon enjoy regular power supply, adding that the development would be based on how the new owners of the power assets are accountable and efficient in the management of same.
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