Monday, September 30

Jonathan Promised Better Days for Electricity Users as Federal Government Official Hands Over Share Certificates and Licenses of PHCN to Private Investors



Abuja, Nigeria – Today (Monday) 30th of September, the Federal Government of Nigeria officially hands over share certificates and licenses to private investors.


The handing over ceremony was held at the Banquet Hall of the Presidential Villa Abuja where the private investors and the successor of Power Holding Company of Nigeria, PHCN were present. Present at the occasion are the President of Nigeria, Goodluck Ebele Jonathan, the chairman of National Council on Privatization, Namadi Sambo (Vice President of Nigeria), the Private Investors among others.

The President assures of better days for all the electricity users. He promised tremendous improvement in the power supply just as it was witness in telecommunication and banking sector.

President Goodluck said, “To the Nigerian people who have demonstrated such great patience and confidence, putting up often with darkness, noisy power-generating sets, the related pollution and daily disruptions in their lives, I say better days are coming.

Although, he didn’t promise immediate turn around but affirm that the result will be success in power sector. 

He said further, “We do not expect the sector to be revitalized overnight, but we can all look forward to a better time very soon as we have seen in the telecommunication and banking sectors. I am confident that the power sector will promise no less, knowing the caliber of those who are taking over.”

The president described the decision of privatization, as the a journey that will usher Nigerians to a”destination of enduring gain and fulfillment”

What is your opinion concerning the Federal Government Privatization of Power Holding Company of Nigeria, PHCN, Good or Bad?

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