10 November 2012

Nigeria: Privatisation - Kwankwaso Condemns Sale of Kano Power Distribution

Kano state Governor, Mr Rabiu Musa Kwankwaso has disclosed that the process and procedures of selling the 60 per cent of the Kano power distribution company was wrong as there was no proper consultation with the state government over the sale of the firm.

He complained that they were not given prior notice before the opening of the bid for which they had submitted a petition to the National Council on Privatisation where they protested the against the entire process.

"We got a letter just one day to the opening of the bids. And it came to me when I saw them on television doing that. And that shouldn't be and the state government wrote a petition letter to the National Council on Privatization telling them that Kano was not in support of what has been done. They need proper involvement. And Kano wanted to know how much real investment the state was having in the whole process. So also the selection of the company was not clear to the government", he lamented.

Governor Kwankwaso further said "we challenged the basis of selling it to a company that was incompetent to handle such a specialized project and non-involvement of the state government in the whole process."

Speaking with journalists during an interview at his office, Kwankwaso stated that "From the little investigation that we have conducted concerning those who have purchased the Kano Distribution company, they are people who have no prior experience. They have no idea whatsoever of doing this electricity business. So we have double jeopardy.

"We do not know how it happened. You cannot sell such a huge amount of investment for the state, without sitting with the government, without discussing and without getting all the necessary input. And just go and sell 60 per cent. Why not 70 per cent? Why not 50 per cent? Why 60 per cent such issues needed to be resolved so that they could make progress."

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