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Government inaugurates privatisation monitoring committee

22 March 2014, 16:14

Abuja - The Federal Government has inaugurated a committee to address issues arising from the privatisation of the nation’s power sector.

The Permanent Secretary, Federal Ministry of Power, Amb. Godknows Igali, said this when he briefed State House Correspondents on the outcome of a meeting of stakeholders in the power sector.

He said the committee was inaugurated by Vice President Namadi Sambo on behalf of President Goodluck Jonathan.

Igali noted that the inauguration of the committee had become imperative in view of the fact that government monopoly on the power sector had been moved to the private sector.

He said the committee would be looking into all technical and financial challenges facing the power sector.

He stated that the committee, which would be reporting directly to the Vice President, would be chaired by him, the permanent secretary.

Members of the committee are the Director-General of the Bureau for Public Enterprises (BPE); Chairman of Nigerian Electricity Regulatory Commission (NERC); Chairman, Presidential Task Force on Power; and representative of the Minister of Finance.

Others are the Accountant-General of the Federation; two Special Advisers to the President in the office of the Vice President; Bulk Trader and other representatives of the Distribution Companies and Generation Companies.

Igali gave the assurance that the committee would not interfere with the activities of the new owners of the PHCN successor companies.

-    NAN

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