Thirteen years after the Federal Government of Nigeria privatised the power sector, the country continues to grapple with persistent energy shortages and the high costs associated with alternative power sources.
The commercialisation of the electricity industry was completed on 1 November 2013, when the government transferred ownership of generation and distribution companies to private entities. At the time, the move was accompanied by significant promises of improved stability in power supply, increased private investment, and the eventual elimination of the "generator economy" that many Nigerians relied upon for basic electricity needs.
However, a review of the situation thirteen years later suggests that the anticipated benefits have not fully materialised for the average consumer. Despite the structural changes implemented in the sector, many residents remain in a state of waiting for reliable grid power, indicating a disconnect between the initial policy objectives and the current reality on the ground.
The ongoing reliance on private generators and other backup systems continues to impose a financial burden on households and businesses, effectively meaning that citizens are still paying for the lack of consistent public electricity supply.
This development highlights the challenges faced by Nigeria in transitioning its energy infrastructure, raising questions about the long-term impact of the 2013 privatisation strategy on national development and daily life.
<small>Source: Premium Times Nigeria — read the original story there.</small>