The Coalition of Northern Group has kicked against the plan by the Federal Government to sell some assets of theBalarabe Rufai, who spoke on behalf of the group at the investigative hearing by the House of Representatives joint committees on power and privatisation and commercialisation on Wednesday, said the planned sale is against the interest of the region.
Mr Musbau had argued that the company did not belong to the federal government wholly because it was started with $3.5 billion withdrawn from the excess crude account which belongs to the three tiers of government. According to Mr Rufai, the planned privatisation “reneges on the initial understanding that after certain years of piloting the projects in Southern Nigeria, the assets were to be sold and the proceeds reinvested in setting up hydro generation assets in parts of northern Nigerian states for a similar length of time.”
Northern groups representing those holding power supply in Nigeria hostage
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