A credit I must give to His Excellency, the former Vice President of Nigeria, Alhaji Atiku Abubakar is for his several call for the revocation of the bogus political arrangement entered by the former President Jonathan’s Administration that sold out the Power Holding Company of Nigeria, one of Nigeria’s prime assets to some politicians in the name of contract entered between the Federal Government and the Nigerian Distribution Companies(Discos).
![](https://thenigerialawyer.com/wp-content/uploads/2024/11/TheNigerialawyer-WhatsApp-Channel1.jpg")
I am not against the privatisation in its entirety, but I’m totally against the act of handing down the business of electricity distribution almost free of charge to some few individuals that are now exploiting the Nigerian masses.
Even though, President Buhari has to caution himself against Atiku’s advice for fear of being instigated by Atiku to fight his political enemies for him, I am seriously not happy with the Buhari administration for their silence and palpable indifference to redeem what is for the masses to the masses by following all legal means.
The more annoying thing is that the supervising Minister of power, Babatunde Fashola had recently announced that they are going to issue out the remaining 40% shares of the Federal government in these Discos to the private sector. This will bring a 100% privatised power distribution in Nigeria.
By this announcement, one may rightfully guess that the Buhari administration is not willing to revoke the contract allegedly entered by the previous administration for President Jonathan’s political ambition, but they further fortified it.
One may even nurse the fear that the current administration may consciously or unconsciously also use the remaining 40% federal government shares in these Discos for yet another political family sharing at the collective expense of Nigerians.
One issue that should have prompt the immediate legal revocation of the Jonathanian Discos contract is that the then government even agreed to give these companies some subsidies in billions of Naira (which they are still claiming in one of their recent publication). Should we oppose subsidy in the petroleum industry and agree with it in billions of Naira that will be given to these companies that got our prime asset almost for free, that will be a double standard! I intend to write extensively with legal authorities on this issue, but I’m still trying to gather my facts and supporting laws.
Now, coming back to my topic, it could have been better if Atiku channeled his energy and resources towards selling this argument to Nigerians as he sold the restructuring idea which Nigerians bought, than wasting his time in conducting national census on which region of Nigeria has more mud houses than the other.
This could have made many Nigerians and my humble self see the Waziri of Adamawa as a repentant capitalist who sees reason why a poor person should have better life without being subject of exploitation.
Hussaini Hussaini is a legal Practitioner based in Abuja and can be reached via hussaini4good@gmail.com
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