Experts Knowledgeable within the electricity production, distribution and management value chain say that full privatisation, as it happened in telecoms in 2001, is the most viable and sustainable solution to Nigeria’s electricity deficit in its economy. T
heir expert-opinion stems from the June 2021 World Bank Resilience-through Reforms report on Nigeria Development Update. According to the latest Tracking SDG7 report, 85 million Nigerians (that is 43 percent of the population) have no access to electricity.
The global lender observed that electricity not only fuels productivity, it is a vital catalyst in health, education, and other forms of social development. Lack of reliable power stifles economic activity, it firmly maintains.