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Power Sector Probe: Privatisation was to improve efficiency and power supply -DG BPE

The second day of the ongoing Senate probe into alleged corruption in the power sector was on Wednesday disrupted by intermittent power outages.

There were power cuts two times within the space of six minutes between 2.20pm and 2.26pm. A third outage occurred at 3.12pm.

In his presentation, the Director-General of the Bureau for Public Enterprises, Mr. Benjamin Dikki, told the committee he needed time to present the figures as to how much it cost to privatise Nigeria’s power plants.

He said he could not give the figures at the sitting because he did not know how much it cost to build the plants.

He spoke in a response to a question from a committee member, who asked the DG to “tell Nigerians how much the power plants were sold because during Tuesday’s hearing, the committee was told $USD 8.23bn was what was spent on these plants prior to the privatisation.’’

“I do not know how much the (power) plants were constructed. I will make available the documents later,” the BPE DG answered.

 

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