State-run electricity shocks Nigerian public
Privatisation may boost production, but electricity price hikes could hit poor the hardest.
Published On 26 Jun 2012
Nigeria is set to privatise the country’s electricity industry in a bid to help solve a severe power shortage problem.
Analysts and citizens say the move may boost energy production, but will also result in price hikes that will hit the country’s poorest most.
More than $16bn in public funds has already been used in failed attempts to increase power supply in recent years. Now, the government is seeking about $100bn in private sector investment to meet the high demand for electricity.
Al Jazeera’s Yvonne Ndege reports from the Nigerian capital, Abuja.
Source: Al Jazeera