What do you believe is the single most important factor driving up the cost of living in Nigeria?

Adesina’s lecture examined the power sector in three aspects including the history of the Nigerian power sector, impact of the privatisation reform & current overview of the sector and plans for the industry.

He narrated that Nigeria’s power issues had been on for a long time from the inception of the Electricity Corporation of Nigeria to the National Electric Power Authority to the advent of the Power Holding Company in Nigeria and onto the privatisation into the 11 discos and six Gencos from the privatisation process.

He said, “Several Issues cut across the whole sector and affect the generation, transmission and distribution of power. These issues are numerous and solving these issues is not a short-term endeavor.

“The current government has been quite ambitious in deploying support to the sector, but power supply stability and sector self-sustenance is yet to be achieved.”

He, however, said that there were execution mishaps following the privatisation, adding that most things prioritised in Nigeria were of no economic value to the development of the nation.

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