If I may ask, what is privatization? Privatization is the transfer of a business, industry, or service from public to private ownership and control. And this could only happen when a particular sector is under-performing.
Due to the excessive work load or inability to revamp a sector of the economy from a pending doom the Government tends to leave its control in hands of Interested Private sectors.
In terms of Management and Finance to ensure proper running and re-invigoration of such sectors.
The power sector had suffered major setbacks in recent times. In the case of the power sector, it is an abysmal failure.
It has not worked. I think part of the reason why it has not worked is that those who bought the asset are behaving as if it is still a public utility instead of running it as business concerns.
These are what we got: Weak Electricity Poles, estimated Power Bill without meters, Delayed or no response when called upon and cost of production for manufacturers is still very high; this is occasioned by the high cost of energy.
The Federal Government should continue to insist that the Discos and the generating companies live up to their billings. Whatever promise they made before they were licensed should be fulfilled.
Calling out Ikeja Electricity Distribution Company, Lagos to take up responsibilities of fixing electricity poles and other power related problems because they are never Community Project.