Electricity sector privatisation has failed, FG admits
*90m without power supply *4,000MW generation shameful, mulls commercialisation TEN years after the partial privatisation of the Nigerian Electricity Supply Industry, NESI, the Federal Government, yesterday, admitted that the exercise has failed to meet its objectives. The government described as shameful the current generation, transmission and distribution level of just over 4,000 Megawatts. Speaking in Abuja at the 2023 NESI Market Participants and Stakeholders Roundtable, NMPSR, President Bola Tinubu said after 10 years of privatisation about 90 million Nigerians were still without power supply. The three-day conference has the theme: NESI privatisation and its 10-year milestone: the journey so far, opportunities and prospects. Represented by the Special Adviser, Energy and Infrastructure, Office of the Vice President, Mr Sodiq Wanka, President Tinubu noted that the investments expected from the private sector never came. According to him, "the key objectives of the privatisa...