Nigeria, Feb. 20 -- The Nigeria Labour Congress (NLC) has described the reported N6 trillion demand by power generation companies as "a clandestine scheme" designed to siphon public funds under the guise of sectoral intervention.

In a statement issued on Thursday titled "The Clandestine N6 Trillion Naira Demand is a Heist", the union accused the Association of Power Generation Companies (APGC) of attempting to justify what it called an unjustifiable bailout, insisting that the privatisation of the power sector has failed to deliver improved generation capacity or service reliability.

The labour union rejected claims by the generation companies that it lacks the competence to interrogate developments in the electricity market.

It argued...