14 July 2021 By Aisha Adesanya
The Speaker of the House of Representatives, Femi Gbajabiamila, has reiterated the need for a functioning power sector, to enable Government build industries, drive innovation and create jobs in the Country.
He made the remark at an investigative hearing on the planned privatization of the Niger Delta Power Holding Company Plants by the Federal Government.
The speaker, who was represented by the Deputy Minority Leader of the House Toby Okechukwu, observed that the Government must get it right in the Power sector to give Nigerians the quality of life that would allow them have big dreams and achieve great aspirations.
According to him, the Power Sector is an area that has been the subject to multiple interventions by successive Governments, with billions of dollars in local and foreign investments, but failed to meet expectations of the Nigerian people.
The Chairman House Committee on Power, Aliyu Magaji, stated that the House mandated the Standing Committees on Power, Privatization & Commercialization to investigate the planned sale of 5 power plants under the National Integrated Power Project (NIPP) and report back to the House.
The Chairman explained that in 2013, the Federal Government announced the proposed privatization of some NIPP Power Plants owned by the Niger Delta Power Holding Company, with a plan to reinvest the proceeds in developing renewable power generation which never come to pass.
According to him, the planned privatization reminds Nigerians of the Power Sector privatization exercise that has continued to be a subject of discourse seven years later, with the general claim that the entire exercise failed to meet the desired goals.
Magaji added that the Investigative Hearing was aimed at exposing members of the Committee to the root issues of the planned privatization to guide the Committee in its findings and recommendations for subsequent adoption.
Stakeholders at the event include, Ministry of Power, Niger Delta Power Holding Company and Bureau of Public Enterprises amongst others.