President of the Senate, Bukola Saraki, has described the privatisation process in the power sector as faulty and hindering the achievement of positive results, The Punch reports.
Saraki, in his message at the opening session of the Senate on Tuesday following its resumption from the Christmas and New Year recess, said; “There had been errors in the privatisation process and the model by which the power sector is being operated, whether at generation or distribution levels, will never take us where we need to be. It has failed and nobody appears willing to tackle the issue head-on towards a permanent resolution.”
“I have mandated the Senate Committee on Power to continue the consultation with the relevant parties to forge a path to solving our crippling power deficit. After all, if we are going to drive Nigerian industries, we need to resolve this and fast,” he said.