16 February 2013

Nigeria: Perform or Ship Out, Minister Tells TCN

Newly appointed Minister of Power, Prof. Chinedu Nebo, yesterday told the management of the Transmission Company of Nigeria (TCN) to sit up to their responsibilities or be prepared to take a bow.

In his first major public function since he assumed office at a technical retreat organised by the Presidential Task Force on Power (PTFP) in Abuja, Nebo said he would not accept frivolous excuses for failure from the TCN management.

The retreat was organised to review and revise the original roadmap developed in 2010, with a view to producing data which are more consistent with the current and future challenges.

"I have observed with grave concern the increasing frequency in system collapses of our grid and hereby encourage the operatives of this segment in the TCN to be extra diligent and vigilant.

"I shall not entertain frivolous reasons for continued system collapses. Owners of this process must sit up or be prepared to ship out," he said.

The minister also expressed concern over the poor track record of project delivery across the value chain, especially in the transmission segment.

He warned that without a major shift towards improved efficiency, it could frustrate the development of a sustainable private sector-driven power market in Nigeria.

He urged the PTFP, which he described as a proven technical resource to the sector, to put in its best in order to bring out a power sector document worthy of attracting local and international acceptance, as well as participation by investors.

Nebo further stressed that as we progress towards handing over the sold assets to the successful bidders, the Distribution Companies (Discos) must sit up, adding that "any of the officers in the distribution companies found to be sabotaging the revenue collection targets of the market will be made to face the full wrought of the law."

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