Electricity stakeholders to review gains of privatisation

Stakeholders in the Nigerian Electricity Supply Industry (NESI) have disclosed plans to review the gains and setbacks the industry encountered after its privatisation 10 years ago.

The review, which will take place at the end of October, sought to identify problems that have limited the industry to about 4,000 megawatts of electricity supply despite huge investments by the federal government.

In a press briefing yesterday in Abuja, the Chairman of the NESI Market Participants and Stakeholders Roundtable planning committee, Prof. Stephen Ogaji, said the roundtable will bring together the various experts, operators, vendors and other stakeholders, necessary for the progressive determination of the way forward for the sector.

Ogaji stated that the event is of special significance, as it would enable stakeholders to come together not only to deliberate on the challenges and opportunities that lie ahead but to also acknowledge the journey of the Nigerian electricity supply industry in the last 10 years, post-privatization.

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Giving an insight into how the sector has performed in the 10 years of privatization, the Market Operator (MO), Engr. Edmund Eje, said the industry has so far failed to meet the expectations of consumers.