Concerns as Nigeria’s power sector decade privatization deal expires

DAILY POST

There are mounting concerns as Nigeria’s power decade privatisation process is expected to elapse on October 31, 2023

It has become more problematic following the decades-long crisis within Nigeria’s power sector.

For over 62 years, the country’s electricity value chain, from distribution to generation and transmission, has been bedevilled with challenges.

Meanwhile, the government attempted to break the jinx in the country’s ailing power sector, first with the establishment of the defunct 2005 Electric Power Sector Reform (EPSR) Act, then on November 1, 2013, the commencement of the privatisation process.

DAILY POST recalls that the government commenced the privatisation of the Nigerian electricity distribution and generation companies in November 2013, benchmarked on a 10-year moratorium of operational licensees with the hope that the decision would halt the age-long power crisis.

However, a decade later, the problems of the power industry have remained unsolved, becoming a persistent clog in the wheel of progress for Nigeria’s economy…