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Electricity is one of the major sector in a country, it is a crucial section that propelled the economy of the country, the sector determines the future of the country either developed or developing country, most developed countries, one of the major attributes they have is the constant supply of electricity, before the privatization of public enterprise in Nigeria from NEPA ( national electronic power authority) to PHCN ( power holding company Nigeria), NEPA was not able to satisfy or meet the power
needs of Nigerians and this led to constant darkness in homes and the prohibitive electric power cost of doing business in the country. yet they continue to malfunction and incur huge debt to the country. this led to privatization, in 2005 the NEPA was privatized to PHCN, the main reason for the privatization, it was to make sure that they are constant power, to ensure that the country does not incur debt in that sector, the government spent billions of naira to ensure that they are constant power supply, but we all know that everything the government does only favour the rich, and the poor always suffer for it, the recent hike in the electricity bill doesn't even solve the problem, yet it is still the same, the government reserved area (GRA) have constant power supply, but the rural area suffer a power outage every day, the cost of power is expansive, yet there is still no power, Nigeria method of regulating power is very funny, we have this mindset that if they is rainfall they should be an automatic power outage, because that what we have seen in years, that any time rain fall PHCN will cease their light,and it will take almost a day, before they brings it back, electricity should be one of the indication that a country is in the process of developing, country like nigeria shouldn't be taking about electricity at this era but I guess, as long as they is light in their echelon they are ok, never minding about the poor masses. one of the things about Nigeria is that things don't change, NEPA was changed to PHCN, but still, it is NEPA they do call them, ETISALAT was changed to 9MOBILE, but still, we do call them Etisalat. things don't just change in Nigeria, that goes to the economy. that is why our economy is still facing hard times, and our naira constantly devalues.
