The 36 state governors under the aegis of Nigeria Governors’ Forum (NGF) unanimously resolved to review the ongoing move by Federal Government to privatise the 10 generating plants located across the country under the National Integrated Power Projects which they described as critical national assets.
The subnational government currently holds 53 percent equity while Federal Government holds 47 percent equity in the 10 power plants.
The NGF position was contained in a communiqué issued and signed at the end of the 36th teleconference meeting by its chairman, Governor Kayode Fayemi of Ekiti State, where the governors unanimously resolved that the settlement of all outstanding pension obligations should be included as part of the social compact with citizens for the removal of fuel subsidies.
The communiqué read in part: “On the proposed privatization of the 10 generating plants located across the country under the National Integrated Power Projects (NIPPs), members received a detailed presentation by the Director-General of the Bureau of Public Enterprises, Mr Alex A. Okoh, and resolved to review and communicate through their board representatives, their assessment and position on the privatization of what they consider critical national assets. States currently own a total of 53% equity in NIPPs while the Federal Government owns a 47% stake.
“On the National Social Register and the Rapid Response Register as critical tools for rolling out cash transfer programs, members received a presentation from the National Coordinator of the National Social Safety Nets Coordinating Office, Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, Mr. Iorwa Apera.