BRICS According to local media Vanguard, Senator Lawan said: “I think the privatisation has not worked. It has failed because the essence of privatisation is to create efficiency.” “We are going to support the executive arm of government… We will suggest that going forward we have to revisit the privatisation because apparently the companies are not able to provide the power that we thought they could by now.” Sign up for the ESI Africa newsletter UNDP China, CCIEE launch report to facilitate low-carbon development AFD and Eskom commit to a competitive electricity sector Read more about Nigeria’s power sector Lawan acknowledged that the efforts of the government were out of desperation to create a better situation for the privatised sector. However, as a result, the government “gave out a lot of money to the companies”. Low carbon, solar future could increase jobs in the future – SAPVIA The President of the Senate, Ahmad Lawan, is calling on the Nigerian government to review the privatisation of the country’s power sector. Get involved in discussions around investing in African power and energy and more at the African Utility Week and POWERGEN Africa conference. Click here to register to attend or for more information about the event. TAGSdiscosNigeria Previous articleFirst continental report on implementation of Agenda 2063 unveiledNext articleEquipping African digital leaders for the fourth industrial revolution Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Finance and Policy Generation He said: “I think the time has come for the government to take a very drastic but necessary decision. If we have privatised the DISCOs and the GENCOs, I think, the private sector, those who have taken them [the companies] over, should be able to make them work better than they were before. “If they cannot, I think we need to revisit this privatisation because we cannot go on like that. We should look at the larger interest of Nigerians, not of those companies that have taken over the power sector – the DISCOs and the GENCOs. “It appears most of the companies, the DISCOs (Distribution Companies), have no sufficient capital and probably the same thing with the GENCOs (Generation Companies),” he noted. RELATED ARTICLESMORE FROM AUTHOR It is reported that the Senate was addressingthe Executive Committee of the Manufacturers Association of Nigeria ((MAN) inAbuja.