Confab: Our time is running out, Kutigi tells delegates

Date:

National-Conference-Chair-Legbo-KutigiBy Doyin Ojosipe with agency report

Chairman of the National Conference, Justice Idris Kutigi has reminded delegates that there was no more time left as the conference approaches its closing date even as he refused members from speaking on committees’ report.

At the debate, yesterday, the Justice was said to have stopped members from making contributions on energy review reports.

The report had urged the Federal Government to review the power sector.

Meanwhile, the Committee on Energy has urged the federal government to review its action on the privatisation of the power sector.

The committee, which was chaired by former Governor of Oyo State, Chief Rashidi Ladoja, yesterday, had reasoned that no laudable improvement has been recorded since the sector was privatised.

READ MORE  Industrial Court reinstates Bola-Audu as ASCSN President 

It added that given the report by the Federal Ministry of Power, there is an indication that the sector might just be heading towards a major crisis.

“The post-privatisation situation has so far not improved the power sector situation in the country. It has only magnified the cash flow deficit, poor gas supply and bigger ATC and C losses. The sector is consequently heading towards a major crisis”, the committee said.

The committee also said that it has observed that government’s effort to implement the NIPP and enforce EPSR 2005 has not yielded favourable results and therefore, will not develop the industry as expected.

READ MORE  Gbari carnival: Character Commission director tasks Gbari on unity

According to the committee, “the entire process will not provide the rapid development to the electricity industry at the required rate that can take Nigeria into the league of developed nations. Consequently, the policy and Act need to be carefully reviewed. Certain provisions of the Act need to be amended, to address challenges presently affecting the performance of the sector.”

The debate has also faulted Government’s privatisation exercise, adding that state government’s was not given a role to play.

 

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

READ MORE  Insurgents attack Borno military base,16 soldiers feared killed

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Nasarawa at 30: Gov Sule Urges Peace, Unity, Says Stability Driving Investment

By Gambo Ahmed, Lafia Nasarawa State Governor, Abdullahi Sule, has...

Tinubu ends 30-day vacation in Europe, returns to Lagos

By Egena Sunday Ode President Bola Ahmed Tinubu has...

Pantami wins fresh PDP governorship primary in Gombe

Pantami wins fresh PDP governorship primary in Gombe Former minister...

Nigeria, Sierra Leone seek stronger borderless ECOWAS

The Nigerian Permanent Representative to the Economic Community of...