Nigeria: Power Utility Privatization Engages All Stakeholders

http://allafrica.com/stories/201206040194.html

Libertarians recommend that re-privatization engage all stakeholders such as unions. Nigeria has been using a form of the approach with what leaders are calling some success.When not done, there have been problems of looting: http://allafrica.com/stories/201205240485.html

 

Indications have emerged that the protracted dispute between the federal government and unions in the power sector over the privatisation of Power Holding Company of Nigeria will soon be over to pave the way for a smooth transfer of the public utility to private ownership.

THISDAY at the weekend in Abuja learnt of the impending truce between the government and the labour unions, comprising mainly the Senior Staff Association of Electricity and Allied Companies (SSAEAC), National Union of Electricity Employees (NUEE), and Nigerian Union of Pensioners (NUP).

Although, the expected cessation of dispute over the planned sale of PHCN successor companies was not achieved without some resistance and blame game from both parties, a top presidential source said. He said negotiation between the government and the unions had recently recorded serious successes, adding that the development is expected to usher in the last lap of meetings where the final agreements would be cemented.

“Of course, we are about achieving a truce in the process; the unions are more or less keying into the reform agenda and that is indeed an indication that results are beginning to come in. Remember, we scheduled to just do like two sessions of meetings with the unions but we are ending up doing about five or six now, that is to show you the intensity of negotiations. But we have to do this to ensure a win-win for both parties,” the source stated while responding to questions on the status of negotiations between the parties.

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