Power privatisation: How solution became problem
o force a regime of efficient, uninterrupted electricity supply, the power sector was privatised in 2013. But, seven years after, there has not been any significant improvement in electricity supply, despite spending N1.8 trillion on the power sector since 2015. Nigeria currently generates 3,400 Megawatts (MW) of electricity, down from over 4,000 MW prior to privatisation. This falls short of about 150,000MW required to support full industrialisation and reboot the economy post COVID-19.
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