The Senate on Tuesday asked the Federal Government to consider a comprehensive review of the power privatisation policy with a view to reversing the current arrangement.
The red chamber said Nigerians would not enjoy stable power supply in the next 10 years if the activities of the distribution companies were not reviewed and restructured.
The Senate President, Ahmad Lawan, stated this on Tuesday after the Senate had considered and approved a motion by Senator Gabriel Suswan on the power sector recovery plan.
He said, “We gave power to them (Power generation and distribution companies ) and they still come to the public to ask for funds.
“It’s time for Nigeria to consider reversing the privatisation of the power sector or they should just cancel the entire privatisation process completely.
Lawan said, “The privatisation of the power sector has so far not been successful. We expected efficiency and effectiveness in the power supply.
“The Discos have no capacity to supply us power. The Gencos have challenges too.
“ It is not a good commentary that we should continue to give them money. We need to review this privatisation .
“Our committee needs to investigate trillions spent. That’s a lot of money .