Benefits of power privatization to manifest soon – Jonathan - disnaija.com

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President Goodluck Jonathan said Monday in Abuja with the successful conclusion of the sale of the country’s power generation and distribution companies, Nigerians will soon begin to enjoy the positive benefits of the privatization of the sector.

A statement issued by his media aide, Dr. Reuben Abati, said the President stated this during an audience with a delegation of the Anioma Peoples’ Congress led by the Asagba of Asaba, Prof. Chike Edozien.

According to the statement, President Jonathan confirmed that all successful bidders for the power generation and distribution companies had completed the payments required to complete the sales process which, he said, was conducted in conformity with globally accepted standards and best practices.

The President said, “We are fully conscious of the centrality and importance of adequate power supply for our developmental efforts. We have challenges in the sector but we are constantly working to overcome them.

“We are currently in a transition phase in which the sector is being positively transformed. The sale of our generations and distribution companies is almost concluded. Finally, everyone has paid and in the shortest possible time, our power sector will take on a much more positive life of its own for the benefit of all Nigerians.”

He said that his administration remained fully committed to significantly improving national infrastructure and will continue to work on rapidly developing railway links, airports, seaports, roads and other transportation services in the country.

“We are glad that you appreciate what we are doing. We will continue to work very hard so that Nigerians in all parts of the country feel the positive impact of our efforts to accelerate national development and progress,” he added.

 

 

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Posted in Nigerian Newspapers. A DisNaija.Com network.

Source: The Nation Newspaper

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