Governors Disapprove FG’s Proposal To Privatize Power Plants
The Federal Government’s plan to privatize National Integrated Power Plants (NIPPs) has been rebuffed by the Nigerian Governors Forum (NGF).
The Benin Generation Company Ltd., Calabar Generation Company Ltd., Geregu Generation Company Ltd., Olorunsogo Generation Company Ltd., and Omotosho Generation Company Ltd. power plants are among those the Federal Government wants to privatize.
Governors opposed the concept because not all stakeholders were included in the overall plan, according to Kayode Fayemi, the outgoing NGF chairman and governor of Ekiti State, who made the comments about it on Thursday, September 29.
“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 also asked the Federal Government to settle the disputed issues in the interest of the students and Nigeria rather than penalizing the Academic Staff Union of Universities, which was on strike.