Group pushes for resolution of electricity distribution in Kaduna community
The National Council on Privatisation (NCP) has approved a request by the Bureau of Public Enterprises (BPE) to conclude engagements with Transcorp Power Consortium for the execution of the Performance Agreements (PAs) on the sale of Afam Power Plc and Afam III Fast Power Limited.
The move aims to regularise outstanding post-acquisition conditions and operational targets to ensure the commercial viability of the assets.
Chairman of the Council and Vice President, Kashim Shettima, used the occasion to call for a paradigm shift in Nigeria’s privatisation strategy, from merely divesting state-owned enterprises to a deliberate pursuit of asset optimisation as a pathway to achieving the nation’s trillion-dollar economy goal.
Approval for the execution of the Performance Agreements followed a memo presented by the Director-General of the BPE, Mr Ayodeji Gbeleyi, at the council’s third meeting of the year, held at the Presidential Villa, Abuja.
Gbeleyi disclosed that the Federal Government had completed the sale of Afam Power assets, with N53.9 billion realised as privatisation proceeds.
He added that, although the assets have been fully handed over to the Transcorp Power Consortium, the transaction structure was recently reviewed and revalidated.
He explained that executing the Performance Agreements, a standard requirement in Nigeria’s power-sector privatisation process, would enable the BPE to commence mandatory post-privatisation monitoring of the investor’s performance obligations, including capacity expansion and operational efficiency.
The DG further informed the Council that the unbundling of the Transmission Company of Nigeria (TCN) into two entities, the Nigerian Independent System Operator (NISO) and the Transmission Service Provider (TSP), was completed this year.
Before granting the approvals, Shettima stressed the need for a disciplined and visionary approach to privatisation, describing the NCP as the economic compass guiding national investment and policy direction.
Meanwhile, BAT Ideological Group, led by Bamidele Atoyebi, has called for the urgent resolution of the long‑standing power distribution challenges in Rigasa Community, Igabi Local Council Area of Kaduna State.
The appeal was made yesterday during the group’s courtesy visit to the Managing Director of the Niger Delta Power Holding Company (NDPHC), Jennifer Adighije, at the company’s headquarters in Abuja.
The delegation, which also included the group’s patron, Tejumade Onirin, an old ally of President Bola Tinubu, and Kwara State Coordinator, Seun Ogunniyi Adato, emphasised that the visit was part of the group’s ongoing efforts to address community development needs and promote peaceful reconciliation among stakeholders.
Atoyebi stated that the initiative reflects the group’s commitment to the ideals of the President, which focus on adding value to lives and supporting national development, and explained that bridging divides among party members, resolving conflicts, and backing government efforts are central to the BAT Ideological Group’s mission.
