President-General of the Trade Union Congress of Nigeria (TUC), Comrade Peter Esele has made case for full deregulation of the nation’s power sector.
Esele disclosed in his May Day message in Lagos yesterday that doing so will give room for competition and greater efficiency in the sector.
“For starters, the federal government should immediately initiate and facilitate the amendment of relevant statutes to give states that are ready to distribute power for their needs the leeway to do so,” Esele said.
He said government should also increase funding for the sector and ensure effective security against vandalism and theft of electrical equipment.
Esele, who said certain people in the country are holding its oil and gas sector to ransom, observed that the government appears not to be committed to check-mating or bringing them to book.
He condemned the prolonged importation of petroleum products into this country and the huge loss of foreign exchange that it occasions.
“This ugly situation also means that we are indirectly stimulating massive creation of jobs in those countries from whom we buy the petroleum products, while our own people seek for jobs here at home,” he said.
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