On the background of the privatization of the power sector and the recent handing over of the physical assets to the co-investors, ‘View From The Top’ on Channels Television takes a look at the privatisation journey in Nigeria since the birth of the idea in 1999.
The programme on this edition plays host to the Permanent Secretary, Federal Ministry of Power, Ambassador Godknows Boladei Igali.
The focus is on the Nigerian power sector and the question is what is next after the handing over to investors?
With successive governments having failed to deliver on their promises of providing Nigerians with constant power supply, pessimistic views are still being expressed by many Nigerians on the possibility of a change in fortune.
Igali blamed the situation on the poor maintenance of public infrastructure and budget limitations. While also admitting that government is not the best manger of assets, he stressed that underinvestment in the sector has been the major factor behind the constant failure.
He said: “Government is not formed to manage business. Power sector is a business, and government’s role should be that of providing leadership, direction, regulation and allow the businessmen to do business.”
He credited the latest successful handover to the proactive efforts of President Goodluck Jonathan. According to him, he “energized and reactivated the process” which fast tracked the public competitive bidding processes.
Ambassador Igali also spoke in details about the efforts being made by the Federal Government to sustain the privatisation structure and the infrastructural development plans.
He also encouraged Nigerians to have faith in the system.