The Nigeria Governors’ Forum (NGF) has rejected the sale of 10 power plants and headed to court to stop the move of privatisation of the plants by the Federal Government.
This was disclosed in a statement by the NGF Chairman, Governor Aminu Tambuwal of Sokoto State, on Wednesday.
The NGF said its lawyers have moved to prevent the regime of President Muhammadu Buhari from selling those power plants, which are under the National Integrated Power Projects (NIPPs).
The Niger Delta Power Holding Company, which is owned by the Federal, State and Local government councils, is a power generation and distribution company which oversees the implementation of the NIPPs.
The statement partly read; “The Forum, following its advocacy that the proposed privatisation of 10 National Integrated Power Projects (NIPPs) by the Federal Government of Nigeria (FGN) should be stopped, instructed its lawyers to approach the Federal High Court which, at present has issued a court order restraining all the parties in the suit from taking any step or action that will make or render the outcome of the motion on notice seeking for interlocutory injunction nugatory.’’
“The effect of the order of the court is that respondents cannot proceed with the proposed sale of the power plants belonging to the Niger Delta Power Holding Company Limited (NDPHCL) until the hearing and determination of the motion on notice for interlocutory injunction.”
Recall that CEOAFRICA had reported that in April 2021, the National Council on Privatisation approved the adoption of a fast-track strategy for the privatisation of 5 power plants listed as Geregu, Omotosho, Olorunsogo, Calabar and Benin-Ihovbor.
The Director General, Bureau of Public Enterprises, Mr Alex Okoh, announced in Abuja at the Investor Pre-bid Conference for the privatisation of the five plants and gave the names of 16 pre-qualified bidding firms.