Crisis in power sector as Buhari sacks AEDC management — Nigeria — The Guardian Nigeria News – Nigeria and World News


Stakeholders, experts divided over decision

In a rare and bold move, President Muhammadu Buhari, yesterday, approved the immediate sacking of the management of the Abuja Electricity Distribution Company (AEDC) following industrial action.

The announcement made through the Ministry of Power with the purported backing of the Bureau of Public Enterprise (BPE) was commended in some quarters, while a number of others opposed it, smelling political move and underpinning interest.

Although the government has about 40 per cent share in the utility company the President, according to some stakeholders, may be interfering in the sector and playing the roles of the Nigerian Electricity Regulatory Commission (NERC).

A statement from the Minister of State for Power, Goddy Jedy Agba, said Buhari approved AEDC’s board disengagement, adding that a new interim governing board was appointed to oversee the day-to-day operations of the firm.

Agba linked the decision to the recent strike embarked…

Source: Guardian Newspaper

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