A few days into the year, Executive Secretary of the Association of Power Generation Companies (APGC), Dr. Joy Ogaji, already said the investment made by operators, especially power generation firms, was under threat. This, she, said was due to a regulation introduced by the Nigerian Electricity Regulatory Commission (NERC) to favour electricity distribution companies (DisCos). In 2013, the Federal Government took a bold step of privatising the power sector. “In terms of performance and operations, 2019 was a dismal year for the power sector. Chair in Petroleum Economics and Management at the University of Cape Coast, Ghana, Prof. Wunmi Iledare, stated that the power sector remained epileptic in the year.

Source: The Guardian January 01, 2020 03:45 UTC