We will not stop ongoing electricity reforms, FG assures Nigerians

The federal government disclosed that it would continue with the ongoing electricity reforms initiated by the previous governments of Presidents Olusegun Obasanjo and Goodluck Jonathan rather than abandon it as is being speculated in some quarters.

It stated that in addition to continuing with the power reform, it would also fine tune aspects of the policy to address extant challenges of the sector as well as initiate new measures to sustain private sector investments in the sector.

This was disclosed by Permanent Secretary of the Ministry of Power, Godknows Igali, in his opening remarks at a recent electricity investment summit, ‘The Powering Africa Nigeria Investment Summit’ in Abuja.

However, a proposal was made by former Minister of Power, Prof. Barth Nnaji, at the summit asking the government to consider decentralising Nigeria’s electricity transmission network.

Igali, while providing an insight into the plans of the government of President Muhammadu Buhari for the Nigeria’s power sector, stated that the government had clearly stated its intention to go on with the reform exercise but will fine-tune its processes to stabilise existing developments in the sector.

“We want to assure you that President Buhari has reiterated that his government will do everything to make the environment in the power sector better for our investors. Investors can have the confidence that their investments in the power sector are not only secured but we will ensure that there is sanctity of stable regulatory environment for you to invest,” he said.