Special on Power Reforms Transaction Signing Ceremony
By Abdullahi Garba Birnin-Kudu
Concerned by the epileptic power supply situation in the country, the Jonathan Administration introduced the Power Sector Reform Roadmap in 2010. The reforms will lead to the private sector involvement in generation, distribution and gas supply generally to address these years of unsteady power supply. With the Presidential handshake at the transaction signing ceremony, an agreement is sealed for the investors to swing into action. It signifies a major step in Government divestiture of all generation and distribution companies to allow the private sector to drive the process. Some investors and other stakeholders in the power sector described the Power Sector Reform as a success. For the investors a majority of whom received 25 percent payment certificate as PHCN successor companies among other transactions assured their commitment to the power supply in Nigeria.