{"id":630,"date":"2017-10-19T18:28:48","date_gmt":"2017-10-19T18:28:48","guid":{"rendered":"http:\/\/nigerianews.ca\/?p=630"},"modified":"2018-01-03T19:33:20","modified_gmt":"2018-01-04T02:33:20","slug":"no-need-for-unnecesary-fear-over-power-sector-privatization-fashola","status":"publish","type":"post","link":"https:\/\/nigerianews.ca\/no-need-for-unnecesary-fear-over-power-sector-privatization-fashola\/","title":{"rendered":"No Need For Unnecessary Fear Over Power Sector Privatization-Fashola"},"content":{"rendered":"<div id=\"execphp-18\" class=\"mh-widget mh-posts-1 widget_execphp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-109247\" src=\"http:\/\/23069-presscdn.pagely.netdna-cdn.com\/wp-content\/uploads\/2017\/08\/Babatunde-Fashola.jpg\" alt=\"Fashola threatens to deport Egbin MD over N125bn debt controversy\" width=\"576\" height=\"448\" \/><\/div>\n<div class=\"entry-content clearfix\">\n<div dir=\"auto\">\n<header class=\"entry-header clearfix\">October 19, 2017<\/header>\n<header>Mayowa M. Adeleye<\/header>\n<p>The Minster of Power, Works and Housing, Mr\u00a0Babatunde Fashola (SAN) has said that the fear of privatisation of the power sector is unnecessary.<\/p>\n<\/div>\n<div dir=\"auto\">Fashola was speaking at a book launch in Lagos titled: \u201cSolar electricity generation for off-grid communities in Nigeria\u201d\u00a0written by the Managing Director of Eko Electricity Distribution Company, Engr Oladele Amoda, he said the fear of privatisation is uncalled for and \u201cit is the best way to go for now because more hands are needed in the sector.\u201d<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He stressed that it takes a huge capital and policies to run the power sector and the innovation of solar at this crucial time is a welcome development.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He commended the Federal Government for jerking up the megawatt from 2600MW in 2015 to 7000MW in 2017. According to him, \u201cwhat we need now is to cooperate with discos and expand distribution but grid extension is capital intensive, that is why solar energy is in order to reach those that are off the grid.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cSomeone who is whined in the old power sector, now recommending new power (Solar) is worth applauding.\u201d\u00a0He lamented that the country over 17 years have had eight Ministers of power and that has not really helped the sector.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">In his remarks, the former of Minister of Power, Prof Bath Nnaji, said it saddens his heart that the country is yet to get it right in terms of electricity production in the country.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cI said during the reform process that if you are good, the privatisation process will take you to the next level, Amoda is a typical example,\u201d he said.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>October 19, 2017 Mayowa M. Adeleye The Minster of Power, Works and Housing, Mr\u00a0Babatunde Fashola (SAN) has said that the fear of privatisation of the power sector is unnecessary. Fashola was speaking at a book launch in Lagos titled: \u201cSolar electricity generation for off-grid communities in Nigeria\u201d\u00a0written by the Managing Director of Eko Electricity Distribution [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[48],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>No Need For Unnecessary Fear Over Power Sector Privatization-Fashola<\/title>\n<meta name=\"description\" content=\"No Need For Unnecessary Fear Over Power Sector Privatization-Fashola\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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