FG hands over Kano electricity firm to core investor

Vice President Namadi Sambo on Friday
challenged core investors in the power sector
to transform it into a world class industry in
terms of quality of service and customer
satisfaction.
Sambo made the call in Kano in a message at
the hand-over of the Kano Electricity
Distribution Company to the core investor,
Sahelian Power SPV Limited.
Represented by the Permanent Secretary,
Ministry of Solid Minerals, Mr. John Jegede,
the vice president said the Federal Government
would not hesitate to sanction any investor
found wanting.
"The Nigeria Electricity Regulatory Commission
and the Bureau of Public Enterprise will
continually monitor the operations of the
successor companies.
"It would not hesitate to sanction any core
investor that does not deliver on the
performance agreement that was executed with
the government," the News Agency of Nigeria
quoted Sambo as saying at the forum.
In his remark, the Chairman of Sahelian Power,
Alhaji Umaru Mutallab, assured the general
public of the company's readiness to improve
power distribution in the zone, which
comprises Kano, Jigawa and Katsina States.