Addressing the power challenge

When in November 2013, the government of the then President Goodluck Jonathan unbundled and sold the power generating plants and 11 distribution companies from the Power Holding Company of Nigeria (PHCN), expectations were high that the new investors will bring the expected succour and end the lingering power outages which had plagued Nigeria, Africa’s biggest economy. But reverse is the case as Nigeria currently has a lower electricity capacity than Slovakia, a country with about three per cent of Nigeria’s population. This is because the current level of supply and…

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