The Privatization of the Power Sector

For the past seven years, the present administration in Nigeria has failed to provide the right impact and confidence in the minds of foreign investors. An assessment and evaluation of the business environment reveal little or no progress has been made. It is not in contention that with regular electricity supply, the successful implementation of an impressive business economic blueprint will remain a mirage. Following the collapse of the National Grid three times in four weeks, the power supply problem seems to be beyond this administration.

The absence of a constant power supply has almost crippled all sectors of the economy coupled with the prohibitive cost of diesel. Nigerians are now asking very pertinent questions. How many megawatts of electricity did this administration meet when it assumed office in 2015? How many of the power generation stations are functional presently? Without a doubt, the privatization of the power sector has not brought any form of relief for Nigerians but rather pains, hardships, and impoverishment.