State-run electricity shocks Nigerian public | News | Al Jazeera

State-run electricity shocks Nigerian public

Privatisation may boost production, but electricity price hikes could hit poor the hardest.

    Nigeria is set to privatise the country's electricity industry in a bid to help solve a severe power shortage problem.

    Analysts and citizens say the move may boost energy production, but will also result in price hikes that will hit the country's poorest most.

    More than $16bn in public funds has already been used in failed attempts to increase power supply in recent years. Now, the government is seeking about $100bn in private sector investment to meet the high demand for electricity.

    Al Jazeera's Yvonne Ndege reports from the Nigerian capital, Abuja.

    SOURCE: Al Jazeera


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