The Federal Government has spent an estimated ₦7 trillion on Nigeria’s power sector since its privatisation in 2013, despite persistent challenges in electricity supply across the country, Peak Newspaper reports.
The power sector was privatised with the aim of improving efficiency, attracting private investment and ensuring stable electricity for homes and businesses. However, more than a decade later, Nigerians continue to grapple with erratic power supply, frequent outages and rising electricity tariffs.
Funds committed to the sector over the years have gone into interventions such as payment of legacy debts, infrastructure upgrades, bailouts to distribution companies (DisCos), power generation support and transmission network expansion.
Despite these investments, industry experts argue that structural issues, weak regulation, poor metering, gas supply constraints and inadequate transmission capacity continue to undermine progress in the sector.
The development has renewed calls for greater transparency, accountability and comprehensive reforms to ensure that public spending translates into reliable electricity for Nigerians.
