The Minister of Power, Adebayo Adelabu, has charged the Infrastructure Concession Regulatory Commission (ICRC) to show more interest in the financial and technical capabilities of intending investors before government assets are entrusted to them.
The minister also decried the consistent vandalism of power infrastructure by bandits and terrorists across the country. He noted that some of those acts were deliberate sabotage against the government.
The minister spoke when the management of ICRC visited him at the headquarters of the ministry in Abuja, a statement by his spokesman, Bolaji Tunji, said yesterday.
According to Adelabu, part of the challenges that the power sector is facing today could be attributed to how some of its facilities and infrastructure were acquired by the concessionaires, adding that some of the investors lacked the necessary financial and technical capabilities.
“We must start doing things right in this country. We must stop blaming the president for everything. We must be president at our various desks. If there are agreements on concessions, let us follow such agreements. I want you to look at this and see how we can do it right.”
