November 1, 2013, marked a new beginning in the pursuit of improved and steady power generation and distribution in Nigeria. On that day, the new core investors in the power sector successfully took over the physical asset of both generation and distribution companies. The handover according to the new investors ushered in a new dawn in the sector as they outlined modalities in ensuring an effective and efficient power delivery to the last man in the electricity chain.
While many Nigerians hailed the takeover, some others were skeptical about it. For the skeptics, the takeover was not such a good idea as they feared that electricity tariffs would be increased tremendously to help the new investors recoup a large chunk of whatever investment they had made in securing the takeover deal.
Despite promises from the new owners and the government that tariff would not be increased anytime soon, our correspondent has learnt that many Nigerians are now under the heavy load of increased tariff billings from the new power investors.
While many Nigerians hailed the takeover, some others were skeptical about it. For the skeptics, the takeover was not such a good idea as they feared that electricity tariffs would be increased tremendously to help the new investors recoup a large chunk of whatever investment they had made in securing the takeover deal.
Despite promises from the new owners and the government that tariff would not be increased anytime soon, our correspondent has learnt that many Nigerians are now under the heavy load of increased tariff billings from the new power investors.
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