The Nigerian Senate has expressed deep dissatisfaction with the performance of the power sector privatization, describing it as a failure. During a recent plenary, lawmakers highlighted persistent challenges, including inadequate electricity supply, poor service delivery, and high tariffs, which continue to burden Nigerians despite the sector’s privatization over a decade ago.
The Senate is now considering a policy review to address these issues. This may involve reassessing the terms of privatization agreements, revisiting regulatory frameworks, and holding stakeholders accountable for unmet targets. Lawmakers emphasized the need for transparency and efficiency in the sector to ensure it delivers on its promise of reliable and affordable electricity to citizens.
The Senate’s move reflects growing public frustration over Nigeria’s power supply problems, which have hampered economic growth and development.
