Governors Reject FG's Plan To Privatize Power Plants

The proposal by the Federal Government to privatize National Integrated Power Plants (NIPPs) has been rejected by the Nigerian Governors Forum (NGF).

The federal government is proposing to privatize the following power plants; Benin Generation Company Ltd, Calabar Generation Company Ltd, Geregu Generation Company Ltd, Olorunsogo Generation Company Ltd and Omotosho Generation Company Ltd.

Commenting on the proposal on Thursday, September 29, outgoing NGF Chairman and Ekiti State Governor, Kayode Fayemi, said Governors opposed the plan because all stakeholders were not carried along in the scheme of things.

Fayemi said;

“We examined the issues relating to the proposed privatisation of the power project and we took a decision that at this point in time, the NGF is opposed to the sale of any of the plants until appropriate steps have been taken that would take into consideration the interest of states that are also equity holders in those plants.

“We’ll continue to do whatever we can to ensure the resources of Nigeria stay with the Nigerian people and are not filtered away in a manner we can’t explain.”

The NGF who also advised the Federal Government against sanctioning the striking Academic Staff Union of Universities, urged the federal government to rather resolve the contentious issues in the interest of the students and Nigeria.