Senate President, Bukola Saraki on Tuesday said there had been errors in the privatisation process and the model by which the power sector is being operated.
Saraki also declared that the power sector has failed and nobody was willing to “tackle the issue headlong.”
Addressing his colleagues on resumption of plenary, after a three-week break at the red chambers, he ascribed the poor performance of the power sector to errors in the privatisation process.
Faulting the model through which the power sector is being operated, the Senate President said lawmakers are determined to find a lasting solution to the “crippling power deficit.”
According to Saraki,“Distinguished colleagues, before we left for the break, myself and a select few met with stakeholders in the power sector to get an understanding of why no progress has been made thus far, despite the best intention; and the revelations were mind-boggling.
“There had been errors in the privatisation process and the model by which the power sector is being operated – whether at generation or distribution – will never take us where we need to be. It has failed and nobody appears willing to tackle the issue head-on in order to bring about a permanent resolution.
“I have mandated the senate committee on power to continue the consultation with the relevant parties to forge a path to solving our crippling power deficit. After all, if we are going to drive Nigerian industry, we need to resolve this and fast.”