FG sets up committee to tackle post privatization hitches

The federal government has constituted a Power Investors’ Committee to tackle the challenges in the privatized power sector.

Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki, who made the revelation last week, said the Committee is chaired by the VicePresident and Chairman of the National Council on Privatization (NCP), Mohammed Namadi Sambo.

Membership of the committee according to the DG was drawn from the Nigerian Electricity Regulatory Commission (NERC), Nigerian Bulk Electricity Trading Company (NBET), Ministry of Power, Nigerian Gas Company (NGC), Bureau of Public Enterprises (BPE) and other relevant stakeholders.

He said that the committee would meet quarterly to review issues and take critical decisions on the privatised power sector.

Mr. Dikki, represented by the Head, Stakeholders Relations Unit of the Bureau, Alhaji Aliyu Maigari, spoke at an interactive session with members of the House Committee on Privatization and Commercialization, the new owners of PHCN successor companies and the BPE during the Committee’s oversight visit to the Ibadan Electricity Distribution Company (IEDC). Briefing the Committee members earlier, the Deputy Managing Director (DMD) of the IEDC, Mr. John Darlington, informed the Committee that the Distribution Company was the biggest in the country with 1,073,673 customers.