₦airaland Forum

ABUJA—President Goodluck Jonathan has directed the Ministry of Power to commence full implementation of the Power Sector Reform Act to create room for private sector participation and efficient service delivery to Nigerians.

Minister of State for Power, Mr. Nuhu Wya, who said this in Abuja, weekend, while receiving a group of foreign investors from the United Arab Emirate, UAE, who made presentation on their planned participation in the sector, added that President Jonathan had given mandate to commence the reform process and break all barriers that would prevent private sector players coming to invest in the sector.

“I have the clear mandate of Mr. President to break all bottlenecks to private investors’ participation in the power sector.We are ready to encourage you and we will create the enabling environment for you to actively invest in the sector. Our doors are open to all genuine investors,”he said.

To this effect, the minister said, “Based on Mr. President directives, we are commencing full reform of the sector to encourage the in-flow of the much-needed investment for the sector.”

Specifically, the mandate is to the effect that the Electric Power Sector Reform Act of 2005 be fully implemented.

The partial implementation of this Act before had led to the establishment of Nigerian Electricity Regulatory Commission and unbundling of Power Holding Company of Nigeria into 18 successor companies
as follows,Generation-six,Transmission-one and Distribution-11 respectively