• About
  • Advertise
  • Contact
Friday, March 24, 2023
2ndtopost.
  • Home
    • News
    • Politics
    • Business
    • Education
    • Interview
    • Opinion
    • Letter
  • Trending
    • Entertainment News
    • Entertainment Videos
  • Foreign
    • International News
    • History
  • Sports
  • Healthwise
  • Life story
  • Breaking
No Result
View All Result
  • Home
    • News
    • Politics
    • Business
    • Education
    • Interview
    • Opinion
    • Letter
  • Trending
    • Entertainment News
    • Entertainment Videos
  • Foreign
    • International News
    • History
  • Sports
  • Healthwise
  • Life story
  • Breaking
No Result
View All Result
2ndtopost.
No Result
View All Result

Why Senate is probing bid to concession Zungeru power plant – Lawan

2ndtopost by 2ndtopost
December 14, 2022
in News, Politics
0
Why Senate is probing bid to concession Zungeru power plant – Lawan
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The President of the Senate, Ahmad Lawan, has given reasons why the Senate decided to organise an investigative hearing on the ongoing bid to concession the Zungeru Hydroelectric Power Plant (ZHPP) located in Niger State.


The investigative hearing which held on Tuesday was organised by the Senate Committee on Power in line with the resolution adopted by the Senate at its Plenary Sitting of Wednesday 23rd November, 2022.

Declaring the event open, Lawan explained that the thrust of the motion, sponsored by the chairman of the committee, Senator Gabriel Suswam was to request the Senate to invoke its oversight constitutional responsibility to avert the transfer of unresolved liabilities and future third -party claims to Government.


The motion, he said, was also to ensure that the proposed concession of the Zungeru Hydroelectric Power Plant (ZHPP) was conducted on a ‘value for money criteria’ bearing in mind huge external loans and annual budgetary releases expended on its construction.

“The concerns of the Senate which culminated into this investigative hearing must be seen by all well-meaning Nigerians from the context of Government’s recent experience with the privatization of power assets in Nigeria which has continued to attract public outcry and criticism.


“It is noteworthy that while a segment of the public has applauded the modest gains of the privatization of government -owned power assets in Nigeria, mounting challenges that emerged after the exercise have made many questioned the credibility of the process that produced the successor companies and the viability of such companies hence the need for extreme caution in the concessioning of the remaining government -owned power assets including the ZHPP.

“The precarious condition of the Nigerian power sector is indeed puzzling considering relentless investments and special interventions made by successive administrations to change the fortunes of the sector for the better.


“Available data indicates that between 2015 and 2022 alone, the Nigerian national grid collapsed 98 times. This immediately brings to question whether the power to be generated from the ZHPP upon commencement of operation will be successfully and fully evacuated and if not, what will be the implication on the capacity of the Concessionaire to meet its obligations under the Concession Agreement being contemplated.

“Failure to address such issues in the past have put Government in an unenviable position where billions of Naira are currently being paid to service contractual obligations that should have been avoided by Government if proper due diligence and consultation was done by relevant MDAs.

“It is therefore, expected that in the course of this investigative hearing, concerned stakeholders invited by the Committee will take advantage of this avenue to answer the above posers and many more as may be directed at them by the chairman and members of the Committee towards reaching informed recommendations that will form the final decision of the Senate at Plenary regarding the bid to concession the ZHPP.


“Before I conclude, I wish to state here that while the Senate recognizes the respective statutory roles of the Infrastructure Concession Regulatory Commission (ICRC), the National Council on Privatization and its Secretariat, the Bureau of Public Enterprises(BPE) and other MDAs involved in the proposed concession of the ZHPP, the Senate has a higher constitutional responsibility to carryout this investigative hearing to expose any semblance of corruption, inefficiency and waste as envisaged by sections 88 and 89 , 1999 Constitution.


“You must therefore, take this investigative hearing seriously as its outcome would determine the final position of the Senate on the proposed concession of the ZHPP”, he said .

In his opening remarks, the Chairman of the committee, Senator Gabriel Suswan, said the hearing afforded key players in the proposed concession on the ZHPP, the opportunity to shed light on the many questions that have trailed the concessioning process since was made public.

Tags: Nigeria Senate
ADVERTISEMENT
Previous Post

Imo NUJ crisis: Court adjourns case to March 2023

Next Post

The Natives move against saboteurs in oil sector, commend NNPCL

2ndtopost

2ndtopost

Next Post
The Natives move against saboteurs in oil sector, commend NNPCL

The Natives move against saboteurs in oil sector, commend NNPCL

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 87.1k Followers
  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
WATCH how a young lady burnt to death In Sokoto for blasphemy against Allah

WATCH how a young lady burnt to death In Sokoto for blasphemy against Allah

May 12, 2022
Photos Of The Guy That Leaked The Sex Tape Of School Of Nursing Student Itigidi

Photos Of The Guy That Leaked The Sex Tape Of School Of Nursing Student Itigidi

April 21, 2022
Wife of APC presidential candidate, Tinubu wife fight dirty publicly Watch video

Wife of APC presidential candidate, Tinubu wife fight dirty publicly Watch video

August 10, 2022

2023: I will consult my constituency before I resign – Ngige on Buhari’s order

May 11, 2022

How to Confess Your Love to a Man

4
How Late Alaafin of Oyo Manage 13 wife in His Palace

How Late Alaafin of Oyo Manage 13 wife in His Palace

2

Buhari okays approval for Maryam Abacha University, 19 others

1

President Buhari mourns Justice Abdul Kafarati

1
Tinubu Files Suit To Stop LP, PDP From Halting Results’ Collation

Tinubu Files Suit To Stop LP, PDP From Halting Results’ Collation

March 1, 2023
US Rapper, Soulja Boy Threatens Wizkid’s Life

US Rapper, Soulja Boy Threatens Wizkid’s Life

February 27, 2023
PDP Coalition Agent Slumps And Dies In Benue State

PDP Coalition Agent Slumps And Dies In Benue State

February 27, 2023
Banky W, Obanikoro Lose As Labour Party Wins Eti-Osa Federal Constituency Seat

Banky W, Obanikoro Lose As Labour Party Wins Eti-Osa Federal Constituency Seat

February 27, 2023

Recent News

Tinubu Files Suit To Stop LP, PDP From Halting Results’ Collation

Tinubu Files Suit To Stop LP, PDP From Halting Results’ Collation

March 1, 2023
US Rapper, Soulja Boy Threatens Wizkid’s Life

US Rapper, Soulja Boy Threatens Wizkid’s Life

February 27, 2023
PDP Coalition Agent Slumps And Dies In Benue State

PDP Coalition Agent Slumps And Dies In Benue State

February 27, 2023
Banky W, Obanikoro Lose As Labour Party Wins Eti-Osa Federal Constituency Seat

Banky W, Obanikoro Lose As Labour Party Wins Eti-Osa Federal Constituency Seat

February 27, 2023
2ndtopostblog

2ndtopostblog is a Media News blog that spread information at ease. Sport, Fashion, Healthwise News, Entertainment, Business News from Nigeria and across the world.

Follow Us

Browse by Category

  • Business
  • Education
  • Entertainment News
  • Entertainment Videos
  • Healthwise
  • History
  • Home
  • International News
  • Interview
  • Letter
  • Life story
  • Metro
  • News
  • Opinion
  • Politics
  • Sports

Recent News

Tinubu Files Suit To Stop LP, PDP From Halting Results’ Collation

Tinubu Files Suit To Stop LP, PDP From Halting Results’ Collation

March 1, 2023
US Rapper, Soulja Boy Threatens Wizkid’s Life

US Rapper, Soulja Boy Threatens Wizkid’s Life

February 27, 2023
  • About
  • Advertise
  • Contact

© 2022 Designed by SmattTech

No Result
View All Result
  • Home
    • News
    • Politics
    • Business
    • Education
    • Interview
    • Opinion
    • Letter
  • Trending
    • Entertainment News
    • Entertainment Videos
  • Foreign
    • International News
    • History
  • Sports
  • Healthwise
  • Life story
  • Breaking

© 2022 Designed by SmattTech