Leadership NG: Options Before Nigeria’s Power, Oil & Gas Sectors In 2015

In this piece, Chika Izuora looks at various options open to boost the Oil and Gas as well as power sector in 2015. An understudy of the Indian power sector model by government may likely bring about some desired changes in the Nigerian Power sector in 2015.

This consideration is perhaps spurred by the offer of some $20 billion by potential international investors. The government, toward the end of 2014, embarked on various options to possibly hand over the nation’s transmission infrastructure to private investors.

Between November 1, 2013, after government handed over key generation and distribution infrastructures of the defunct Power Holding Company of Nigeria (PHCN) to private investors, the Transmission Company of Nigeria (TCN), which was not privatised, was left in the hands of Manitoba Hydro International of Canada.Since then, concerns have continued to mount over the ability of the TCN to evacuate the maximum capacity of energy generated for distribution.
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