critical reading of the largely self-contradicting and self-indicting interview,
granted the BUSINESSWORLD column of THISDAY by Dr. Sam Amadi, a former Chairman
of the Nigerian Electricity Regulation Commission (NERC), and published in the
newspaper’s edition of Tuesday, March 26, 2019, should have most appropriately
borne the title, “ Sam Amadi’s Wasted Decade in the Power Sector” and not the
hypocritical finger pointing headline given to it.
reading the interview one is reminded of the assertions of Shannon L. Alder and
Fulton J. Sheen, two famous Inspiration writers, concerning critics and their
criticisms. While the former observes that often those that criticise others
reveal what they lack, the latter sees the criticism of others as an oblique
form of self-condemnation by the critics themselves. These observations could
not be truer of a man like Dr. Sam Amadi, who as Chairman of NERC regulated the
power sector and its operators for a decade. In fact, the entire interview was
an expose of the inefficiencies and shortcomings that attended the
privatisation exercise by the previous administration in which Amadi played a
fairness, perhaps, one would say that he was honest enough to admit that there
were flaws and inconsistencies in the privatisation exercise. For example, he
admitted that the power assets were sold on wrong assumptions that the private
sector investors would come with equity and improve on them. But by that
admission, he also tacitly admits that the entire privatisation exercise of the
sector was poorly executed with friends and cronies of those in government
being the beneficiaries at the expense of investors that have the technical and
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