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Wednesday, August 29, 2012

Why Nnaji resigned as power minister

Prof. Barth Nnaji
After a protracted face-off with the electricity worker's union, the Minister of power, Professor Barth Nnaji, on Monday, resigned his appointment as the nation's power minister due to conflict of inetrest in the on-going privatization of Power Holdings Company of Nigeria [PHCN].

Although the former minister is yet to make any comment on his resignation, there are reports linking Prof. Nnaji to two of the companies that were initially cleared to participate in the forthcoming bidding process for some of the nation's power generation and distribution companies on September 25. 

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