Power Privatization: Senate Queries N1.8 trillion Spend by FG

The Nigerian Senate commenced an investigation into the privatization of the power sector agreement in 2013 saying N1.8 trillion spent so far by the federal government has not yielded expected results. The Senate President, Dr Ahmed Lawan who declared open the Senate Investigative Public Hearing on the Power Sector Recovery Plan disclosed this on Monday. According to public analysts, Nigerian power sector failure is responsible for the slow pace of development and the incessant power supply is causing the country to lose its scare resources on many fronts. Dr Lawan…

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