The MANAGING Director of Ibom Power Company Limited and Special Assistant to Governor Akwa Ibom Governor Udom Emmanuel on Power Engr. Meyen Etukudo has been conferred with the Fellowship of the Nigerian Society of Engineers (NSE).
At the Fifth Fellowship lecture and conferment ceremony at the Banquet Hall of NAF Conference in Abuja, NSE President Otis Oliver Anyaeji said NSE honoured Engr. Etukudo for his hard work and contributions to the development of engineering.
Anyaeji said the engineers conferred with the Fellowship distinguished themselves in the profession and are joining other elite professionals in delivering value to development of the nation.
Etukudo, who has 32 years experience in the National Electric Power Authority (NEPA), Power Holding Company of Nigeria (PHCN) and Transmission Company of Nigeria (TCN), hailed NSE for conferring him with the award.
He used the lecture, themed: “Power Sector Reform in Nigeria – the Missing link,” to lend his voice on the privatisation of power assets, saying privatisation has not improved the financial viability of power companies.
Engineer Etukudo suggested that a lot of money is still needed to be pumped into Nigeria’s power sector.
“I came from the NEPA background and NEPA staff really resisted privatization, because it was not ripe… the platform was not ready. Look at generation companies, how do they pay for gas, where is the money to pay? How do they do turn around maintenance when there is no money? Today, distribution cannot give meters to 50% of the power consumers in Nigeria, so, a lot of things still have to be done” he stated.