The coalition of Northern Groups (CNG) and other stakeholders, on Wednesday, expressed stiff opposition against ongoing plans by Federal Government to privatise the Calabar, Ihovbor, Olorunsogo, Omotosho and Geregu Power Plants under the Niger Delta Power Holding Company (NDPHC). Speaking on behalf of the Coalition, Balarabe Rufai who described the planned privatization of the power assets as unacceptable and suspicious, alleged that the power assets with a value of $5 billion were undervalued at $3 billion. “That the timing of the planned privatisation is ill-considered as it will not enable the greatest financial value to the shareholders due to the current commercial and technical constraints in the industry – poor state of transmission/distribution capacity and underpayments/ illiquidity in the market. And we will be guided by the submissions of experts from across the power sector value chain,” he noted. YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNENo Evidence Arab League Sent Warning Message To FG On Biafra MovementCLAIM: A Twitter user claims that the Arab League of Nations sent a warning message to the Nigerian government on the Biafra movement.NDPHC: Coalition of Northern Groups, others kick against planned privatisation of five power plants.NDPHC: Coalition of Northern Groups, others kick against planned privatisation of five power plants.NDPHC: Coalition of Northern Groups, others kick against planned privatisation of five power plantsNDPHC: Coalition of Northern Groups, others kick against planned privatisation of five power plants

Source: Nigerian Tribune July 14, 2021 18:22 UTC