Kunle Kalejaye 16 September 2015, Sweetcrude, Lagos – Pioneer Chairman and Chief Executive Officer of the Nigerian Electricity Regulatory Commission, NERC, Dr. Ransome Owan, has urged the Federal Government to sustain the privatisation of the country’s power sector.
Dr. Owan, who is currently Group Managing Director of Aiteo Power Generation and Distribution Company, said any attempt to reverse the privatisation process will amount to losing between three to four years of progress.
The former NERC boss stated in Lagos that it is essential for Nigeria to make changes in grey areas in the power sector and improve where necessary rather than to halt the privatisation process.
“I am not in a position to advice government, however, i will like the idea of privatisation to be maintained. Let us not roll back the hand of the clock because every time we stop a progress, we lose three to five years in the process.
“I think what we need to do is that if there are areas that we need improvement or marginal cost that needs to change, let us improve on what has been done.
“Let us not roll back the clock because it will send the wrong signal to the domestic environment and to foreign investors,” Dr. Owan said.
Commenting on enabling environment for the power sector to thrive, he said government has already created the environment for the sector by way of the privatisation which has attracted investors into the country.
He maintained that the way forward was to consolidate on the success of the privatisation process, appealing to electricity consumers to conserved energy and pay for what they consume.