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.