Nigeria’s energy sector has been undergoing a massive transformation in recent years as the government actively privatizes new generation and transmission projects. Although Nigeria has a growing population of more than 179 million, it generates less than 4,000 megawatts (MW) annually. As a result, scarcity of sufficient and reliable electricity is severely constraining economic growth and development. In order to combat and correct this issue, the Federal Government of Nigeria (FGN) is implementing a three-phase liberalization process. In the first phase, five generation and ten distribution companies (linked to the country’s main power holding company, PHCN) have been privatized since 2013.
Nigeria's education system has not kept pace with the rapid population growth and growing school-age population. The quality of basic education in Nigeria is extremely poor, leading to low demand and unacceptably low academic performance. There are 30 million primary school-aged children in the country, of whom an estimated 10 million are not enrolled in school.
Nigeria’s education system has not kept pace with the rapid population growth and growing school-age population. The quality of basic education in Nigeria is extremely poor, leading to low demand and unacceptably low academic performance. There are 30 million primary school-aged children in the country, of whom an estimated 10 million are not enrolled in school. Of those students currently in primary school, less than one third will attend junior secondary school and even fewer will proceed to senior secondary school.
U.S. Chargé d'Affaires Maria Brewer said today that "the United States Government is proud to have contributed to this historic handover of power companies to the private sector and congratulates the Government of Nigeria (GON) on achieving a very important milestone in the liberalization of the power sector." The comments were made in response to the Presidential handover of the Licenses and Share Certificates to the new owners of the Power Holding Company of Nigeria (PHCN) successor generation and distribution companies.
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