Saturday, 2 November 2013

Generator Suppliers and Govt. Contractors forced me to resign – Nnaji

Generator Suppliers and Govt. Contractors forced me to resign – Nnaji
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Fourteen months after his sudden exit from President Goodluck Jonathan’s cabinet, ex-Minister of Power, Prof. Barth Nnaji, on Friday opened up on the “powerful interests” he claimed forced him out of office.
Nnaji accused unnamed generator and diesel suppliers as well as sundry government contractors in the power sector of being behind his sudden resignation from office.
Nnaji, who is the Chairman and Chief Executive Officer of Geometric Power Limited, however, took glory for the successful handover of the successor companies of the Power Holding Company of Nigeria  which took place on Friday.
The former minister spoke at Bells University of Technology, Ota, Ogun State, where he delivered the institution’s 5th Convocation Lecture entitled: “Towards a Sustainable Value System for Economic Growth.”

He said the conclusion of the privatisation of the power sector would not have been possible without the initiatives he introduced and solid foundation he built right from the time he was Special adviser to the President on Power and later minister of power.
He said he was particularly happy that despite the fact that the people behind his travails moved to “hack me down” the Power Sector Reform Roadmap he initiated became a success story.
Nnaji said, “When I came in as Special Adviser on Power to the President and Chairman of the Presidential Task Force on Power, I said we should take this power issue as an act of parliament and implement it to the letter.
“When you hear of the Power Sector Reform Road Map, it is the plan for the implementation of a law for the reform of the power sector and we did not go outside of that as we pursued it vigorously and boosted investor confidence.

“I’m pleased that today (Friday) is the physical handover of all the generation and distribution companies to private sector. I’m very proud of this rigorous plan and discipline and the follow through.

More @ Punch

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