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Nigeria says no going back on privatization of power sector

English.news.cn   2012-08-30 07:23:46            

ABUJA, Aug. 29 (Xinhua) -- The Nigerian government on Wednesday said the sudden resignation of Prof Barth Nnaji as Minister of Power would not affect the ongoing privatization program of the nation's power sector.

Minister of Information Labaran Maku told reporters in Abuja shortly after the weekly Federal Executive Council (FEC) meeting which was presided over by President Goodluck Jonathan, that Nnaji' s resignation was to give credibility to the power sector reform program of the government.

The minister said the action would not in any way hamper the process of the privatization of the Power Holding Company of Nigeria (PHCN).

He enjoined Nigerians to see the resignation of the minister as a patriotic act which would rather assure investors in the power sector and reinforce confidence in the system.

Maku also reiterated the determination of the Federal Government to stabilize power through the implementation of its Power Road Map.

The president's office confirmed on Tuesday evening that Nnaji resigned his appointment as a member of the west African country's present cabinet.. Nnaji, 52, was appointed minister of power in 2011 by the incumbent Nigerian President Goodluck Jonathan. Upon his appointment, the former minister was tasked to reform the country's power sector.

Editor: Yamei Wang
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