PHCN privatisation, greatest achievement of any govt – Nebo

    
The Minister of Power, Prof. Chinedu Nebo, on Thursday described the privatisation of Nigeria’s power sector as one of the greatest achievements that could be recorded by any government.

According to him, the privatisation process was followed through diligently despite the series of challenges and bottlenecks that characterised its procedures.

Speaking at a media briefing in Abuja, Nebo said, “The handover of the power firms to their new owners is one of the greatest achievements that can be recorded by any government. And this feat has been successfully completed by this administration.

“It will interest you to know that the issue of labour alone is enough to frustrate any government if care is not taken. But despite all the complaints, challenges and bottlenecks, this government successfully transited from a public owned power sector to a private driven industry.”

He stated that the privatisation of the power sector had warranted “significant pressure” on the Federal Government.

“A lot of interests were generated, teething challenges were experienced, but with all the pressure we have ensured that we remain committed,” Nebo said.

Punch