FG has pumped N1.7trn into privatised electricity sector in three years — El-Rufai

Governor of Kaduna State, Nasir el-Rufai has revealed that the Nigerian federal government has spent N1.7 trillion in the last three years on privatised power sector.

El-Rufai disclosed this on Thursday after the national economic council (NEC) meeting at the State House in Abuja.

According to the governor, Nigeria’s power sector is broken and to fix the issues difficult steps must be taken.

He said, “The problems in electricity are many, capacity is one perhaps. There are some that have shown lack of capacity it is true but there are many that are fantastic, so it is very difficult to pass quick judgement.

“There are other issues. The entire sector is broken, the tariff is an issue, the way the privatisation was done is an issue to many. So there are many many issues.

“What we have agreed on is that there are fundamental problems in the electronic supply industry, and that you cannot privatise an industry and then over three years since privatisation, you pump in N1.7 trillion of government into it. That is not privatisation.

“The federal government has supported the electricity sector with N1.7 trillion in the last three years and this is not sustainable. So, solutions must be found. Those solutions are not going to be nice. They may be painful, but the only way to solve the structural problems in the industry is to take some very difficult decisions.

“So, my appeal is that let’s not be quick to pass judgement. Right now we are listening to all the stakeholders, of course there is a lot of blame game.

“At the end of the day, we must have an honest conversation as Nigerians and know that unless we fix electricity, we cannot make progress. And this electricity is required not only in the cities but in every home, every rural area.”

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Muhammad A. Aliyu

Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior editor at Okay Nigeria.
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