Showing posts with label Power reform. Show all posts
Showing posts with label Power reform. Show all posts

Wednesday, 29 August 2012

Nnaji: Powerful interests forced me out

Following his sudden exit from President Goodluck Jonathan’s cabinet, ex-Minister of Power, Prof. Barth Nnaji, has said that he resigned because some “powerful vested interests” were bent on tarnishing his image. He added that he left the cabinet in order to save the Jonathan administration from the “spill over” of the attacks by the “powerful vested interests.”
His reaction was contained in a statement by his spokesman, Ogbuagu Anikwe, and it coincided with  a declaration   by the Minister of Information, Mr. Labaran Maku, that   Nnaji’s exit would reinforce the credibility of the Federal Government’s reforms in the power sector.
The former minister said he  was proud  that he left at  a time  that  power generation and supply  had had improved. According to him, “I feel particularly proud of the fact that my exit comes at a time that the administration has been able to generate and supply an unprecedented quantum of steady, reliable electric power in the history of our nation. I am confident enough to allow history and the Nigerian people to judge my performance on the task that I accepted from the President.”
He denied having conflict of interest in his handling of the power sector reform saying that he resigned his directorship of all companies that he had interest in and put his shares in those companies in a Blind Trust.
Nnaji said  his resignation had given him the opportunity to go back to his integrated power projects “which have been designed to accelerate the development of the nation.” He paid tribute to the staff of the Ministry of Power, the Power Holding Company of Nigeria and other agencies for their “dedication to duty, hard work, patriotism and commitment to the common good which have, in spite of all odds, completely moved the power sector in a new direction to the benefit of all our people.
But Maku, in apparent reaction to fears by stakeholders that Nnaji’s resignation would slow down the power privatization process, said government was determined to ensure its success.

Tuesday, 14 August 2012

Perennial Power Outages: EPRA to rescue


The federal government will soon embark on total implementation of the provisions of the Electricity Power Reform Act (EPRA) of 2005 in order to tackle the perennial power outages being experienced in the country.
Minister of Power, Prof. Barth Nnaji made this known in a press briefing in Abuja after meeting with President Goodluck Jonathan on the performance of his ministry in the implementation of the 2012 budget. He was accompanied by his state counterpart and the Senior Special Adviser to the President on Media and Publicity, Dr Reuben Abati.
The EPRA Act provides in its preamble that companies will be formed to take over the functions, assets, liabilities and staff of the Power Holding Company of Nigeria (PHCN) in order to “develop a competitive electricity markets.” It also provides for the establishment of the Nigerian Electricity Regulatory Commission (NERC), “to provide for the licensing and regulation of the generation, transmission, distribution and supply of electricity.” The NERC, the Act stipulates further, will also enforce performance standards, consumer rights and obligations and provide the determination of tariffs and other related matters.
The federal government also has in view the completion of 156 on-going projects across the country in order to facilitate the job of the Transmission Company of Nigeria (TCN), which will soon partner private sector investors in the provision of power to the people of the country.
Nnaji who described power and its provision as the biggest constraint of the nation, said that the ministry received the sum of N75.5 as budgeted for 2012,  while the National  Assembly  provided for N78 billion, the difference being the lawmakers’ additions for some constituency projects. He also disclosed that the ministry’s performance in the implementation of the budget was 52.9%, explaining that out of the 75.4 Billion budgeted for capital project; N21.5Billion has been released while the amount used is N11.4Billion.