Senator Ahmad Lawan, President of the Nigerian Senate, on Monday while declaring open a one-day round-table discussion with the theme: “Addressing Nigeria’s Power Problems” organized by the Senate Committee on Power, said that the privatization of the power sector in 2005 and 2013 was a grand scheme conceived with the intention to defraud Nigeria called on the Federal Government to as a matter of urgency to declare a state of emergency on the power sector, describing the privatisation process as a total fraud that is at the moment, ruining the nation.
Senator Ahmad Lawan said, “For me if there’s any sector of our economy that is so important and yet so challenged, it is the power sector. I believe that this is a sector that needs a declaration of emergency.
“This is an opportunity for us in this round-table to exhaustively discuss not only the problems of the power sector in Nigeria but the solutions and way forward.
“The truth is that we all know what is wrong. What we really need to do is to have the political will to take on the challenges generally.
“From the electricity power reform of 2005 to the privatization of Gencos and Discos and to what is happening today, we know that everything is fraud.
“If we play the ostrich, in the next ten years we will be talking about the same things.
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“I think the time has come for us to have courage. I want to remind us, that we have signed the African Continental Free Trade Agreement. What will give us an edge is to have a competitive environment.
“Our industries and businesses must be able to produce things that can compete favourably with products produced in other countries in Africa.
“We are not in that position today, and we all know the consequences of that.
“Even our citizens, who have capital, will rather relocate to Ghana, produce whatever they want and bring to Nigeria to sell.
“Where does that leave our country? No employment opportunities; Nigeria becomes a dumping ground.
“If we went wrong with our privatization of Gencos and Discos, the time has come to look into it.
“Whatever we have to do to review these things, we should do. We must do it in the interest of the people of this country. We must admit there was something done wrong.
“This round-table actually is an idea of the Senate, that we should come together to talk among ourselves.
“Ours is to provide legislative interventions, but we are also part of government.
“Therefore, whatever that is required to support the executive arm of government to turn-around this sector, in fact we are more than prepared to do so through legislation.
“If we are going to amend the power sector reform, we are prepared to do that, and expeditiously. Tell us where the issues are, because we can’t afford to delay any action to make the power sector of this country perform.
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“In the sixties we were comparing ourselves with Indonesia, Malaysia and the rest, now we started comparing with Ghana, Togo.
“With all due respect, that tells us we are not making progress where other countries are.”