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    HomeBusinessTinubu Criticizes Power Sector Privatization: Calls for Urgent Reforms

    Tinubu Criticizes Power Sector Privatization: Calls for Urgent Reforms

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    By Ibrahim Danladi

    President Tinubu highlighted the failure of Nigeria’s power sector privatization during the Nigeria Electricity Supply Industry roundtable. He noted that, despite being privatized a decade ago, the national grid serves only 15% of the country’s electricity demand. Tinubu emphasized the need for recapitalization of power distribution companies, addressing commercial issues, and enhancing the sector’s investment appeal. He urged stakeholders to collaborate on a clear plan for tariff restructuring, cost recovery, and debt resolution, aiming for a more efficient and accessible power infrastructure in the nation.

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