The Organised Labour has rejected the planned privatization
of the Transmission Company of Nigeria, TCN, as announced by the Federal
Government, warning that among others, it would worsen the socio-economic
conditions of Nigerians.
President of Nigeria Labour Congress, NLC, Joe Ajaero, said
the planned privatization portends great danger to the Power sector and holds
great fear and trepidation for major stakeholders within the Power sector.
NLC called on all Nigerians to rise up against it in the
interest of future generations, arguing that “It imperils the ability of the
state to control, regulate and guarantee the safety of the nation’s grid system
at all times.
A statement titled “Intended power sector policies: Same mistake, defender consequences betraying hopes of Nigerians”, read “The proposed plans by the federal government to restructure the Transmission Company of Nigeria (TCN) as stated by the Minister of Power; Mr. Adebayo Adelabu is laden with other intentions that may be hidden but very clear to every discerning Nigerian. It portends great danger to the Power sector and holds great fear and trepidation for major stakeholders within the Power sector. It imperils the ability of the state to control, regulate and guarantee the safety of the nation’s grid system at all times.
“We want to quickly say that the idea behind the so-called
plans to restructure is the same big grammar that was spoken before and during
the failed privatisation exercise of the sector. They are the same stories that
Nigerians have heard over the years which have largely yielded no significant
results except the increased suffering that the exercise became for Nigerian
people and the economy.
“It is clear that the main motive behind the plans for the
proposed restructuring is none other than to prepare the TCN for eventual take
over by the cronies and lackeys of the ruling elite. When words like unbundling
are bandied about in Nigeria, the masses and workers become frightened because
of the level of misery such words have foisted on the people. Unbundling
heralded the death of the downstream sector of the nation’s Petroleum sector,
it sounded the death knell on the Power sector and raising its ugly specter
once again at this time when the people are facing serious socioeconomic
challenges may compound the woes of the people.
“NLC believes that the President is making the same mistake
previous administrations have made with the policy direction his Minister of
Power is trying to follow in seeking to unbundle TCN for privatization. We had
thought that the President would have convened a genuine national stakeholders’
forum to critically review the Privatisation exercise in the sector which the
government itself agrees has failed to attain any of its major objectives
rather than seeking to embark on another exercise that would bring more crisis
to the Power sector.
“The disaster that will befall the nation’s power sector
would be multidimensional. The quest to ultimately handover the Transmission
infrastructure would expose the nation to blackmails and weaken the ability of
the sector to transmit and distribute power around the country. Privatizing it
will create the same crisis prevailing within the DISCOs and GENCOs and will
impact the quality-of-service deliverance by the Power sector to Nigerians.
“It has to be remembered that we protested against a nation
that was hell-bent on committing suicide in the power sector 10 years ago. We
talked about the consequences that Privatisation exercise was going to be for
the Power sector and for Nigerians but it was not heeded.
“Today, Nigerians have witnessed 500 percent tariff increase
yet, there is no improvement in services to Nigerians. The Power sector remains
stagnant as no significant investment was made by those who bought the GENCOs
and DISCOs through proxies. What we are reaping today are the unfortunate
outcomes of the errors of yesterday and it is obvious that we are bent on going
the same route.
“As we write, government has paid about N2.8 trillion in
subsidy for a sector it handed over to the private sector. A sector it sold at
about N400 billion yet, it has spent multiples of that in taxpayers’ funds as
payouts to those who bought the privatized entities.
“Consequently, the sector has been handed over to banks due
to the inability of the proxy investors to pay their loans to the banks. The
managerial and Technical competence as well as Foreign Direct Investment has
eluded the power sector as a result of this primitive economic policy. It is
this same route that the Government is proposing to follow again.
“The consequences of what the government wants to do
especially at a time when Nigeria is today leading other countries as
headquarters of nations suffering from Power poverty will worsen the
predicament of the nation’s Power sector. Its attendant macroeconomic
implications for our nations are huge and will worsen the already bad
socioeconomic situation in our nation.
“Nigeria’s economy would be worse in the next 10 years if a
conscious power policy devoid of undue influence by neoliberal economic
apologists is not designed. We need to wean not only our power sector but our
entire economy from the apron strings of the forces of capitalism and its
philosophical foundations if we are to make real progress as a nation.
“It is important that we learn from the mistakes of the past
so that its errors are not repeated and the same consequences befall our nation
again. If care is not taken, this may be another hope betrayed!”
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