Some experts in the power sector have appealed to the federal government to review the privatisation of the power sector.

The experts made the appeal in an interview on Sunday in Abuja.

According to Kunle Olubiyo, the president, Nigeria Consumer Protection Network, by 2023, it is expected that the privatisation will be reviewed as the license circle for the process is 10 years.

Mr Olubiyo said by 2023, the second round of the privatisation process would be implemented.

”With the present privatisation process, no competition, no investment in the electricity sector market.

”If the next round of privatisation process is to be carried out, it should be done in such a way that it will promote competition and attract direct investment in the electricity market,” he said.

Also, Princewill Okorie, the coordinator, National Association for Public Policy Analysis (APPA), said the power sector privatisation had not produced the expected result.

Mr Okorie said the interest of the electricity consumers was not protected during the whole process of privatisation.

“The number of people metered is insignificant compared to the numbers of those not metered across the country,” 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).

The sector was unbundled and partially privatised to establish a competitive market intended to improve management and efficiency, attract private investment, increase generation, and provide a reliable and cost-efficient power supply. 

(NAN)