No Going Back On Privatization Of Electricity Projects – Jonathan

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President Goodluck Jonathan, weekend, said there was no going back on privatization of electricity projects in the country, as his administration was determined to give stable power supply to Nigerians.

Speaking at the commissioning of Unit ST-6, at Egbin Power Plant, Ikorodu, Lagos, Jonathan also noted that reliable power sector facilitates socio-economic development of any nation.

“Small and medium enterprises cannot thrive if owners of such businesses are left to generate their own electricity. Egbin power facility presents a vision of our drive to give stable power supply to Nigerians. We are committed to irreversibly taking power sector to the expected height where every Nigerian will be proud of it,” he said.

The President enjoined host communities of Egbin plant to partner with the company in ensuring security of the facilities and the employment of the youths.

Also speaking, Minister of Power, Professor Chinedu Nebo, said since privatization, the power sector had received a new baton to provide Nigeria with stable electricity.

“Privatization has changed the sector for good. For example, at Kainji Station, only one unit was said to be working upon takeover at 80 MW. However, presently, it has 150 MW, with additional 80 MW expected in the next two weeks to bring it to 230 MW,” he said.

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