Nigeria, which has a population of 167m, has been grappling with a perennial shortage of power supply owing to the perceived inefficiency of PHCN
, which is currently being unbundled to make it attractive for investors that had indicated interest in managing electricity for the country.
However, given the fact that not all the active staff and retirees/NOKs of the defunct PHCN
were verified, the National Council on Privatisation (NCP) at its meeting of April 16, 2015, directed the Bureau to continue with the process of verification and payment of outstanding cases until a final resolution was achieved.
paid $0.20/m British thermal units (Btu) for most of 2010 but this was scheduled to increase fivefold to $1/m Btu at the end of 2010 if national generating capacity reached 4.7GW as planned.
Suddenly, the nation's electricity body, then called National Electric Power Authority (NEPA), now the Power Holding Company of Nigeria (PHCN
), struck and the screens went blank.
Before privatisation, the defunct Power Holding Company of Nigeria (PHCN
) used to be in charge of generation, transmission and distribution of electricity but by 2013 the generation and distribution aspects were unbundled and sold to private investors - power generation companies and distribution companies (GenCos and DisCos) - while the Federal Government retained ownership of regulatory and transmission aspects through the Nigerian Electricity Regulatory Commission (NERC) and Transmission Company of Nigeria (TCN).
Similar reforms have been attempted in the power sector, with the transformation of the National Electric Power Authority (NEPA) into the Power Holding Company of Nigeria (PHCN
Since BEDC took over from PHCN
in their coverage areas, they do not have any official obligations.
* N903.9m for the TransSahara Gas Pipeline, N6.7bn for the calabar-umuahiaAjaokuta Gas Pipeline, N10.3bn for the AjaokutaAbuja-Kano pipeline and N1.1bn for the Gas Supply Pipeline to PHCN