The Minister of Power, Professor Chinedu Nebo has re-assured Nigerians and all those wishing to invest in the country, that the current process of privatizing the power industry will produce tremendous benefits.
Speaking in Capetown at an event organized by Nigerians living in South Africa to host President Goodluck Jonathan on Monday, 6th May, 2013, Professor Nebo explained that private ownership of power concerns would thrive on the economic principle of making profit from producing and distributing energy to all corners of the country.
This liberalization of the sector, he said, would change the socio-economic fortunes of Nigeria and Nigerians, and push down the cost of telephony when telecommunication firms stop spending money on running generating sets.
Professor Nebo commended the courage and political will exhibited by President Jonathan in driving the privatization programme and executing hither-to abandoned electricity projects.
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