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Review GENCOs and DISCOs privatisation contract – NUTGTWN

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The National Union of Textile Garment and Tailoring Workers of Nigeria, NUTGTWN, has yesterday in Kaduna called for an urgent review of the privatisation contracts with Generation Companies, GENCOs and Distribution Companies, DISCOs by the Federal Government, the union asked the Federal government to mandate the companies to compulsorily provide and ensure steady power supply before contemplating tariff increase.

The union went further in a statement by the General Secretary of NUTGTWN and Chairman, IndustriALL Global Union, Sub Sahara Africa, Issa Aremu, to condemn the recent hike in electricity tariff, pointing that the erratic nature of the power supply has been responsible for the worsened crisis in the textile sector.

Aremu called on President Buhari to urgently revisit the report of the 2014 national conference and implement the holistic recommendations for the power sector instead of allowing the same unhelpful posting of high tariff by under performing generating and distribution companies.

In the statement, he said; “The point cannot be overstated; Power/Energy is so strategic to the industrialization and the well-being of the people. Therefore the Federal Government must urgently review the privatisation contracts between the it and Generation Companies, and Distribution Companies, and give a two year time-frame to firms in the Electric Power Sector to allow them stabilize and provide efficient power supply to Nigerians before they can contemplate any tariff increase.”

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