Nigeria’s energy sector has been undergoing a massive transformation in recent years as the government actively privatizes new generation and transmission projects. Although Nigeria has a growing population of more than 179 million, it generates less than 4,000 megawatts (MW) annually. As a result, scarcity of sufficient and reliable electricity is severely constraining economic growth and development. In order to combat and correct this issue, the Government of Nigeria (GON) is implementing a three phase liberalization process. In the first phase, five generation and ten distribution companies (linked to the country’s main power holding company) have been privatized since 2013. In addition, the Niger Delta Power Holding Company (NDPHC) is privatizing ten newly built generation plants.
Last updated: June 02, 2014