16 November 2013, Sweetcrude, Abuja – Director General of Bureau for Public Enterprises, BPE, Mr. Benjamin Dikki has disclosed that investors in the power generating companies of the former PHCN are under obligation to increase generation capacity by 5000mw in five years which would require an investment of $7.5billion.
Dikki disclosed this at the induction ceremony for 274 trainees by the National Power Training Institute of Nigeria, NAPTIN, Graduate Skills Development Programme for 2013/2014 session.
He added that distribution companies are also contractually obligated to Reduce Aggregate Technical and Commercial Losses that will require an investment of about $1.8billion in five years.
According to him, “The core investors must invest in capacity building and skilled manpower if they are to achieve their targets.”
He added that the private sector takeover of the power sector has opened up the prospects of employing additional skilled manpower and training of the retained workforce.
Dikki explained that government was monitoring the activities of the new owners closely and any found to be in breach of the terms of purchase agreement would be sanctioned.
The sanctions available to government, he noted, include recovering of the assets from the investors.
In his presentation, the Director General of NAPTIN, Reuben Okeke explained that there currently about 8,400 skilled manpower deficit in the power sector, a gap which would grow to over 17,000 in four years’ time.
He said so far about 5,340 power sector workers have benefited from NAPTIN intervention programme to bridge the skill gaps in the sector.
In his remark, Minister of Power, Chinedu Nebo urged the inductees to advantage of the opportunity presented to them by getting the necessary skills needed to drive the power sector.
Nebo who represented by the Director Human Resources at the Ministry, Grace Papka noted that task of producing the required skilled manpower needed to achieve and drive the target capacity of 40,000mw is huge.