Ahmed Lawan, the Senate president, on Monday, said the country lacks the political will to tackle the challenges facing the power sector.
He described the privatisation process in the sector as a total fraud that is ruining the nation, urging the federal government to declare a state of emergency in the sector.
Declaring open a one-day round-table discussion with the theme: “Addressing Nigeria’s Power Problems,” organized by Senate Committee on Power, the Senate president said the privatisation of the power sector in 2005 and 2013 was a grand scheme conceived with the intention to defraud Nigeria.
Lawan, who called for a review of the privatisation exercise undertaken by the Goodluck Jonathan administration, which led to a takeover of the power sector by private Generating Companies (Gencos) and Distribution Companies (Discos), said the National Assembly would make significant contribution to the power sector reform through enabling legislation required to turn around the fortunes of power generation and distribution in Nigeria.
Lawan said: “For me, if there’s any sector of our economy that is so important and yet so challenged, it is the power sector. I believe that this is a sector that needs a declaration of emergency.
“This is an opportunity for us in this round-table to exhaustively discuss not only the problems of the power sector in Nigeria but the solutions and way forward.
“The truth is that we all know what is wrong. What we really need to do is to have the political will to take on the challenges generally.
“From the electricity power reform of 2005 to the privatisation of Gencos and Discos and to what is happening today, we know that everything is a fraud. If we play the ostrich, in the next 10 years we will be talking about the same things.
“I think the time has come for us to have courage. I want to remind us, that we have signed the African Continental Free Trade Agreement. What will give us an edge is to have a competitive environment.
“Our industries and businesses must be able to produce things that can compete favourably with products produced in other countries in Africa. We are not in that position today, and we all know the consequences of that.”