Business Buhari May Cancel Privatization of Nigeria’s Power Sector – NERC

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Nigeria – Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, has said that there is the possibility that the incoming government of General Muhammadu Buhari can undo the privatisation of the power sector.

“Everything is possible; there’s no impossibility with government to, through due process or through extra-legal actions, reverse any policy or decision,” he said in an interview in Abuja.

According to him, a government that comes into power should make new policies, change and review or vigorously pursue existing policies.

Amadi further explained that every government is at liberty to decide what should be its dominant economic philosophy; he. However, added that whatever philosophy adopted will definitely have a trickle-down effect on other policy areas, especially a sector as significant as power.

However, Amadi noted that such decisions may be followed by consequences some of which can be financial or legal, with some possibly having serious fundamental impact on the economy and social wellbeing.

#Nigeria #Buhari #NERC #SamAmadi


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