In ensuring constant power supply across the country, Federal Government of Nigeria commences the official handing over of electricity companies to private investors.

The Kano Electricity Distribution Company was handed over to the core investor, Sahelian Power SPV Limited few hours ago.

In his address at the ceremony, Vice-President Namadi Sambo challenged core investors in the power sector to transform it into a world class industry in terms of quality of service and customer satisfaction.

The address which was read by the Permanent Secretary, Ministry of Solid Minerals, Mr. John Jegede, echoed that the Federal Government would not hesitate to sanction any investor found wanting.

“The Nigeria Electricity Regulatory Commission and the Bureau of Public Enterprise will continually monitor the operations of the successor companies.

“It would not hesitate to sanction any core investor that does not deliver on the performance agreement that was executed with the government,” the News Agency of Nigeria quoted Sambo as saying at the forum,” the statement reads.

While making his remark, Alhaji Umaru Mutallab, who is the Chairman of Sahelian Power, reiterated that the company is ready to improve power distribution in Kano, Jigawa and Kaduna States under its distribution zone.