Overview: Privatization of the Power Sector in Nigeria

Nigeria is largely perceived as an underdeveloped country. Since its independence in 1960, Nigeria has made several failed attempts at rejuvenating the power sector. The country is a nation blessed with numerous natural resources – both human and natural resources – including: oil, gas, water and coal (all of which are needed for power generation); yet, the country continues to struggle with inadequate power. The epileptic nature of power generation in Nigeria has become unbearable to most Nigerians, especially in the big cities. Most people operate generators in their homes and businesses to ensure continued access to power, which ends up reducing their profit.

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