Nigeria’s Minister of Power, Adebayo Adelabu has made known the ministry’s willingness to sanction any agency or director that does not meet the corporate expectations in the power sector.
He gave the warning on Tuesday in Abuja during a meeting where performance contracts were signed with various agencies in the sector.
Adelabu said the sanction will be top-down depending on the sanctions that Mr. President is going to leach out to a non-performing minister and a non-performing council.
“We will determine the sanctions that will be given to everybody involved here,” he said.
He added that the saction is aimed at ensuring that all agencies in the power sector deliver on their targets and contribute to the overall achievement of the ministry’s goals.
The Minister expressed confidence that the signing of the performance contracts will compel each agency to deliver on their targets.
“A performance-based contract is a type of contract that ties payment to specific performance metrics or outcomes, ensuring that contractors are paid based on their actual performance,” Adelabu stated.
“PBCs are commonly used in situations where desired outcomes are clearly defined and contractors have control over delivery.
“We will not wait until the end of the year or end of the quarter before we start assessing ourselves. We need to get involved in the works on how you are progressing to achieve your final targets for the quarter,” he concluded.
Get instant and latest news updates via Our WhatsApp Community or Google News online channel.