The Nigeria Labour Congress (NLC) on Sunday, March 23, rejected the proposed N6 trillion bailout for Power Generation Companies (GenCoS), saying repeated financial interventions have not improved electricity supply nationwide.
The NLC president, Joe Ajaero, said this in a statement in Abuja, calling for urgent structural reforms in the energy sector.
“The proposed N6 trillion bailout is a mere symptom of deeper structural failures in the power sector, and repeated financial interventions have not translated into improved electricity supply for Nigerians.
“We cannot continue to deploy public funds to sustain a fundamentally flawed system, while ordinary citizens bear the burden of inefficiency through high tariffs and persistent outages,” he added.
Ajaero urged the federal government to merge the ministries of petroleum and power to create a unified ministry of energy for better coordination.
He said the current separation of the sectors had led to inefficiencies, particularly in gas supply for thermal power generation.
According to him, an integrated energy framework will prioritise domestic electricity needs and enhance national development.
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