Nigeria: Power sector not illegally sold - Fashola

Jun 03, 2016 12:00 AM

The Minister of Power, Works and Housing, Mr Babatunde Fashola, has debunked reports attributed to him that the nation's power sector was illegally sold.

He was said to have told a senate public hearing on the electricity tariff hike on Tuesday that the federal government's investment in the power sector was legally sold. But in a statement yesterday, his Special Adviser on Media, Mr Hakeem Bello, dissociated the minister from the pronouncement, saying in all presentations before the committee, Fashola never used the word "illegally" to refer to the privatization of the sector.

According to the statement, the minister in tracing how the country got to this point, referred to the privatization law made in 2005, saying, "The people of this country through their parliamentarians made a verdict in 2005 when you passed that law that things must change, the law was passed in 2005 and the process was completed in 2013, I wasn't here, some of you were here, if the process is bad where was the oversight".

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