Minister of Works, Power and Housing, Babatunde Fashola, has stated that government will not take over power assets from private investors.
According to him, three years was enough to judge the capability of the new owners.
Fashola, at a power dialogue organised by the Nextier Power, Wednesday night in Abuja, called on electricity consumers to cooperate with the power investors to improve on their services instead of calling on government to take over the privatised companies.
Fashola, while calling for cooperation from the power consuming public in the face of current epileptic power supply, explained that as far as the economy was experiencing instability, so will electricity tariff continue to fluctuate.
He said: “That tariff review was continuing in the power sector. It is either review upward or downward depending on the market trend. We are not immune from the decisions we make on electricity tariff because ourselves, family members or relations will be affected.”
Fashola however regretted that, “But some people have gone to court, doing all sorts of things to stop the last power tariff hike. How do you think people who invested their money will not want to recoup?”