THE Federal Government has commenced move to ensure strict compliance with the local content law in its bid to privatise the assets of the Power Holding Company of Nigeria (PHCN).
The Minister of Power Prof. Chinedu Nebo, during a visit to Eko Electricity Distribution Company, in Lagos, recently said that the Federal Government had started making moves to ensure that foreigners did not dominate the power sector in the post reforms era.
According to him, the local technicians in the power entities should not entertain fear of domination, as the many of them would certainly retain their job and be trained on the job where necessary.
He said: “I am so serious about local content. Nobody is going to allow the new owners to flood the entire market with foreigners. It will not work; it is not acceptable. I have told the companies ahead of time that they must give us a work plan to show that even at the highest management level, those of them who will bring foreigners will have a definite plan to hand over to Nigerians.
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