The Minister of Power, Adebayo Adelabu, announced on Tuesday that any director or agency in the power industry that doesn’t live up to corporate standards would face sanctions.
This was disclosed by the Adelabu at a meeting where performance contracts were signed with various agencies in the sector in Abuja on Tuesday, according to The Punch.
Performance-based contracts link payment to particular performance measures or outcomes, in order to guarantee that contractors are paid according to their actual performance.
These contracts specify key performance indicators or metrics to measure performance and tie payment to achieving those metrics.
According to the Minister, “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.”
When asked about the sanctions, the Adelabu replied, “Just like the performance delivery is top-down, reward will also be top-down on achievement. Then, sanctions too, will be top-down. Depending on the sanctions that Mr. President is going to mete out to a non-performing minister and a non-performing council, we will determine the sanctions that will be met out to everybody involved here.”
This action is intended to guarantee that all power sector agencies meet their objectives and help the ministry accomplish its overall aims. The Minister expressed confidence that each agency will be forced to meet its goals once the performance contracts are signed.
The nation’s power sector is vital, and the minister’s admonition is viewed as a positive move toward ensuring that the industry realizes its full potential. Given the impending penalties for underperforming agencies, it is anticipated that every agency will exert maximum effort to meet their objectives.
