The poor generation and supply of electricity in Nigeria has continued to linger despite the privatisation of the power generation and distribution
Additional measures which Tinubu plans to implement include the review and update of the power sector governance reform and acceleration of the country’s energy transition plans by seeking more funding.
This, however, is despite the fact that the power sector is still far from meeting the yearnings of Nigeria for stable electricity. He stated, “The service providers in spite of sundry support have not been able to meet the threshold of 5,000 megawatts. Coupled with this, there have been surreptitious increases without notice in violation of statutes.
Also reacting to the development, an electricity law expert, Prof Yemi Oke, said power supply in Nigeria had remained poor, stressing that there was no justification for any tariff hike. He insisted that Nigerians could not afford another energy hike having recently had the removal of petrol subsidy.
“The government should pull out its 40 per cent stake in the power sector and break the 11 electricity distribution companies’ franchises into smaller units in ways and manners that would break the present market monopoly and promote the ideals of a competitive electricity market,” he stated.
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