Minister Charges BPE on Reform in Power Sector

Minister of Power, Dr. Lanre Babalola has charged the Bureau of Public Enterprises (BPE) to collaborate with the relevant stakeholders to ensure an early completion of the exercise as power is vital to the development of the nation. 

Speaking when he visited the Director-General of the Bureau of Public Enterprises (BPE), Dr. Christopher Anyanwu, to  strategize on the  way forward for  electric power  reform, the minister noted that reform in the sector is critical as it is not “just about privatization but a means to an end”. 

Making some observations on the action plan by the Bureau for the reform process, Babalola advised BPE to reconsider the Rehabilitate, Operate and Transfer (ROT) strategy of the transaction in favor of  an outright sale as investors had shown more interest in buying it to further develop and operate as an Independent Power Plant (IPP). “ROT is at odds with approved strategy for generation companies”, he stated. 

In his remarks, the Director-General of BPE, Dr. Christopher Anyanwu said that to ensure the success of the electric power reform, the Bureau has lined up a series of activities to engage and sensitize all stakeholders in the sector. 

He assured the Minister that the Bureau would carefully study the observations/comments raised and come out with an acceptable action plan for the reform program.  

Meanwhile in another development Dr. Christopher Anyanwu, has called for collaborative effort by all the relevant stakeholders to revive the power and automobile sectors in the country. 

Speaking when a delegation of the automobile industry led by the Director-General of National Automotive Council (NAC), Aminu Jalal, paid him a courtesy visit, Anyanwu regretted that the two sectors which are keys to national development were performing abysmally. 

He said BPE was poised to galvanize attention in the two sectors and that as a first step, “we are collaborating with the relevant stakeholders to immediately hold a workshop to chart a new way forward for the two sectors”. 

Anyanwu  noted that there is  a systematic  failure in all sectors of the economy but that BPE is determined  more than ever before, to ensure a change “ which is why  we shall continue to liaise  with the National  Assembly  to legislate on these issues  and pass the relevant laws”. 

According to him, the automobile industry particularly holds high potentials for the country and everything possible must be done to ensure that it does not die. 

In his contribution, the Executive Director of Nigerian Automotive Manufacturers Association, Arthur Madueke, called for the full implementation of the 1974 law, mandating all tiers of government and their agencies to patronize locally assembled vehicles in Nigeria. 

He also requested for an increment in the tariffs paid by importers of vehicles, saying the present five percent regime was meagre and cannot keep manufacturers in business.

Madueke said that Nigeria stands to create over 2,000 jobs in the sector if properly harnessed and appealed to the government to revamp the sector. 

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