Chinedu Obieze
The Nigeria Labour Congress (NLC) has rejected a proposed N6 trillion bailout for power generation companies, warning that continued financial support for the sector has failed to deliver improved electricity supply.
Westbridge Reporters gathered that the labour union expressed concerns over repeated government interventions that have not translated into stable electricity for Nigerians.
NLC President, Joe Ajaero, made this known in a statement issued on Sunday in Abuja, calling on the Federal Government to halt the planned bailout.
The union stated that deploying additional public funds into the sector without addressing structural challenges would not yield meaningful results.
Ajaero noted that Nigerians continue to bear the burden of high tariffs and persistent power outages despite previous financial interventions.
Westbridge Reporters understands that the NLC is pushing for structural reforms instead of continued funding of power firms.
The union also proposed the merger of the Ministries of Power and Petroleum into a single Ministry of Energy to improve coordination and efficiency, particularly in gas supply for power generation.
It further maintained that electricity should be treated as a basic social service essential to national development, rather than a profit-driven commodity.
The NLC called on the Federal Government to convene a stakeholders’ summit aimed at developing a comprehensive and people-focused roadmap for the power sector.
Juliet Ezeh is the founder and chief reporter at Westbridge Reporters with over 7 years of experience in journalism. She covers crime, industry, policy, and social developments, delivering timely and accurate reporting.