⚖ Compare news

Put up to three stories side by side. Pick IDs from any article URL: /compare?id=123&id=456

Thirteen years after privatisation: Nigeria is still paying for darkness, By Posi Olatubosun

premiumtimesng.com ·Nigeria · world
Words
78
Chars
482
AI summary
Yes
Full story

Thirteen years after the federal government transferred Nigeria’s power generation and distribution assets to private companies, many consumers still experience frequent outages. The privatization, implemented on 1 November 2013, was promoted as a way to secure stable electricity supply, attract private investment and end reliance on personal generators. Over the years, the promised improvements have not materialized, and the country continues to depend heavily on diesel generators. Critics argue that the private operators have failed to expand capacity or maintain existing infrastructure. The situation has left households and businesses paying high electricity bills while still facing blackouts. Observers note that the expected influx of investment has been limited, and the anticipated end to the “generator economy” remains unfulfilled.

Thirteen years ago, Nigeria sold its power sector to fix the lights. Who is still waiting for them to come on? On 1 November 2013, the Federal Government handed the generation and distribution companies to private owners amid promises of stable supply, private investment and an end to the generator economy. Thirteen years later, the […] The post Thirteen years after privatisation: Nigeria is still paying for darkness, By Posi Olatubosun appeared first on Premium Times Nigeria .

Open article