Some experts on power have urged the federal government to urgently review privatisation of the power sector as part of efforts to address challenges in the sector.

The experts told journalists in Abuja that eight years after privatisation of the sector, there was the need to review the performance of the investors.

Kunle Olubiyo, the president, Nigeria Consumer Protection Network, said that the way out of epileptic power supply was to revisit the privatisation that was done in 2013.

“The privatisation was done in November 2013 and in 2018, they were supposed to do a review, but that has not been done.

“Immediate review of the privatisation is needed to break the monopoly in the power sector. The present licence given to the investors should be reviewed,’’ he said.

Demeji Macauley, the national organiser, Revolutionary Socialist Movement (RSM), said what the power sector required was renationalisation due to its importance in the economy.

Mr Macauley said that the power sector needs massive public investment to enable it to expand to 21st century infrastructure, adding that it was only the government that could make it happen.

On his part, Princewill Okorie, the national president, Association for Public Policy Analysis (APPA), a civil society group said that privatisation of the sector was just like any other policy in the country.

“Nigeria has a lot of laws but the problem is not about the law but the implementation and enforcement is where the problem is,” he said.

The power sector was privatised in November 2013, with six power generation plants and 11 electricity distribution companies handed over to the private sector.

The federal government, however, retained control of the Transmission Company of Nigeria (TCN).

(NAN)