The chairman, Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, has said that there is the possibility the power sector privatization carried out under the outgoing administration of President Goodluck Jonathan could be undone by the incoming government of General Muhammadu Buhari (retd.).
Amadi, who stated this during an interview in his office in Abuja yesterday, in response to the question whether such was possible, said: “Everything is possible; there’s no impossibility with government to, through due process or through extra-legal actions, reverse any policy or decision”.
According to the NERC chairman, a government that assumes power has a responsibility for making policies, in which regard, it can change existing policy, review existing policy or vigorously pursue existing policy.
He further explained that every government is at liberty to decide what should be its dominant economic philosophy, just as he pointed out that whatever philosophy adopted will definitely have a trickle-down effect on other policy areas, especially a sector as significant as power.
“To undo privatisation could mean using the existing framework to rewind; for example, there are clauses in the agreements signed by the Distribution Companies (Discos) who bought the assets, of things that could happen in which they can pull out if they are no longer satisfied, or which government can pull out with cost.
“So from a legal point of view, there’s due process for undoing. The other one is extra-legal, maybe, some kind of nationalization; it’s still theoretically possible in today’s world for government to nationalize privately owned assets”, Amadi explained.
However, such decisions, he noted, may be followed by consequences some of which can be financial or legal, with some possibly having serious fundamental impact on the economy and social wellbeing.
Speaking further, the NERC boss maintained that from his understanding of the two major political parties – All Progressives Congress and Peoples Democratic Party – their policies are in line with the framework of the national electric power policy issued in 2,000 by the PDP-led government, which is clearly premised on privatizing and securing the financial viability of the sector as a way of improving power supply by sustaining investments.
“The national electric power policy is a sound policy but can be reviewed; that will mean there are certain things we didn’t factor. Year 2,000 to date is over a decade, so there are new insights as to how things should work. We have seen how institutions work or fail to work and this means that there’s nothing wrong in government reviewing the reform process in terms of going back to the founding documents and doing some forensic.
“Find out what policies have been completed, what are we learning from the already undertaken process? How do we make the process better and what should we not undertake? It’s not just about undoing privatisation because privatisation in itself is not a problem”, he said.
“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” – Brother Claims
Information Nigeria recalls a graphics designer identified as Oke, was killed hours after tweeting “Nigeria will not kill me” on Wednesday.
It was reported that the young man had passed away after he was hit by a stray bullet.
The deceased’s younger brother, Daniel has come out to clear the air regarding the circumstances leading to his death.
Daniel revealed his brother was stabbed on the neck by thugs who infiltrated and ransacked their home.
In his words;
“Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze @O_Okee . I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State.
Today at about 11 o’clock in the morning the police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house.
The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing this they set their sights to the barracks and began the assault, they proceeded to destroy every car in the barracks, my mom’s 2 cars where destroyed and set on fire and then they infiltrated our house by breaking the door they then proceeded to ransack the house and carted away with everything we own.
my brother on trying to get them to take everything but spare us was pushed to my mom’s room and stabbed on the neck, the attacker then proceeded to attack me but missed my neck but got my chin instead, after this my mom and I carried my brothers body to the entrance of the station soliciting for help from the thugs still ravaging the barracks, we were finally able to put him in a wheelbarrow and took him to a hospital where he was rejected because “he was already dead” unfazed we moved him to another hospital where he met the same treatment this was where he bled his last drops of blood and died, his body has now been moved to a morgue
we have lost every single thing we own, as our house was completely ransacked and set on fire the only thing left is my brothers phone and at about 8 o’clock this evening the barracks was still on fire but Okechukwu has paid with the ultimate price
I and my mother are homeless with nothing now but we’re safe for now, we thank everyone that has been able to reach out to us, and were able to share consoling words with us in these trying times, God bless you
While we were holed up in the house the three of us said these words together and we say it again ” THREE OF US ARE HERE, THREE OF US ARE TOGETHER, THREE OF US ARE SAFE”
Let it be known that my brother @O_Okee was NOT killed by a police bullet but died a hero protecting my mother and I.
If you see this please retweet, let the world know how Okechukwu died. He was NOT killed by a police bullet but thugs in his home!”
See his post below:
Youths Burn Down Sanwo-Olu’s Mother’s House In Lagos (VIDEO)
Lagos youths have set the family house of Governor Babajide Sanwo-Olu on fire.
This was after the Governor said that no nobody was killed during the shooting by soldiers at Lekki Toll Gate on Tuesday night.
Sanwo-Olu had debunked claims that the soldiers opened fire and killed some peaceful protesters.
Recall that men of the Nigerian Army reportedly opened fire on protesters following the declaration of 24 hours curfew by the Lagos State Governor, Babajide Sanwolu.
Bullets fired by security operatives hit some persons and at least two persons have been confirmed killed by the police and many injured
Voices in viral footage blamed the shootings on soldiers.
However, the angry youth attacked several important places such as Nigeria Port Authority, TVC News, and the family house of the Governor where his mother resides.
After Governor @jidesanwoolu said the "soldiers shot in the air to disperse the peaceful protesters." And thar their's no fatalities
Lagos youths set Governor's Mother's House on FIRE!! #PRAYFORNIGERIA#EndSARS #Lekkitollgate #LekkiGenocide #EndPoliceBrutalityinNigeraNOW pic.twitter.com/QaOvSHwXdk
— Nwachukwu John Owen (@johnowen99) October 21, 2020
#LekkiMassacre: Hoodlums Storm TVC Station In Lagos; Set Properties On Fire (Video)
Hoodlums have reportedly invaded the headquarters of popular news station, TVC, believed to be owned by National Leader of APC, Bola Tinubu.
According to reports, the staff of the news station are being trapped in the building located in Lagos.
The moment Morayo and Co decided to leave the station after it had been taken over by hoodlums.
— My Opinion (@Diji_O) October 21, 2020
Videos circulating online shows that properties in the compound have also been set ablaze.
The news station is currently off air and this comes hours after Nigerians accused the Lagos politician of having a hand in the #LekkiMassacre.
Information Nigeria recalls security agents had opened fire at peaceful #EndSARS protesters at Lekki Tollgate on Tuesday.
In a video circulating online, the anchors of one of the shows, ‘Your View’ were heard saying that there were hoodlums at their gate trying to break into the premises.
Watch the video clips below:
— Itz CakeByTolex (@tolulope_salako) October 21, 2020
— POSTNAIJA (@POSTNAIJA) October 21, 2020
— Angry mob attacks TVC , set the station on fire.. pic.twitter.com/xEDpLeWkpW
— VyrãlTreñdz (@TheVyralTrendz) October 21, 2020
‘Hoodlums’ have reportedly invaded news station, TVC and are attacking their people. pic.twitter.com/h90bWoL37o
— Pulse Nigeria (@PulseNigeria247) October 21, 2020
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