Governors yesterday resolved to scrutinise a proposal intended to encourage more private sector participation in the electricity sector.
The resolution was taken at a meeting by the governors’ umbrella body – Nigeria Governors’ Forum (NGF) in Abuja.
It was contained in a communiqué signed by NGF Chairman/Kwara State Governor AbdulRazaq AbdulkRahman and read by Imo State Governor Hope Uzodimma.
The communiqué reads: “The Forum received a presentation on a proposed strategic partnership with Powercom Smart Grid Nigeria Limited (PSGN) aimed at revitalizing the electricity distribution sector through private sector investment.
“Under the proposed agreement, PSGN will assume operational control of select distribution companies (Discos), introduce advanced smart grid technologies, and establish a meter production facility to enhance service delivery and energy access across states.
“The Forum noted that the partnership seeks to improve electricity distribution efficiency, support job creation through local manufacturing, and relieve states of legacy sector liabilities.
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“Governors received the proposal and would examine the opportunities and benefits therein.”
The governors also spoke of collaboration between it and the federal governments aimed at reforming land administration system in the country.
The communiqué further reads: “The Forum received a presentation from the Minister of Housing and Urban Development (Ahmed Dangiwa) on unlocking the economic potential of land through a federal-state partnership for land reform.
“The minister outlined ongoing housing initiatives under the Renewed Hope Programme (RHP) and proposed a comprehensive land registration reform to formalize land ownership, enhance tenure security and boost internally generated revenue across states.
“Governors welcomed the initiative, noting its potential to catalyze investment, improve urban planning, and enhance land-based revenue generation.”
