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Nigeria shift subsidy removal for six months, to pay N720b
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PMS pricing: Stakeholders lament government s indecisionNigeria — The Guardian Nigeria News – Nigeria and World News
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Between downstream deregulation and petrol subsidy re-introduction
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Petrol pump price dilemma lingers as FG retains subsidy
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A power station
The unbundling and partial privatisation of the nation’s power sector in 2013 targeted a competitive market that would attract private investment, promote efficient management of the sector, increase power generation, as well as provide a reliable and cost-efficient power supply.
But eight years into the privatisation, only marginal improvement has been recorded in the area of increasing installed capacity for power generation; transmission network expansion, and roll out of pre-paid meters, etc.
On the flip side, operational generation capacity has considerably dropped; recovery of the cost of electricity production has remained poor, while revenue has continued to dip tremendously.