Nigeria’s Power Privatization is an Economic Dead-end
Nigeria’s Power Privatization is an Economic Dead-end - For democratic public ownership and management, and massive state funding of the power sector Despite all attempts by the capitalist ruling class in Nigeria and its big business town criers, to portray the privatization of the electricity sub-sector in Nigeria in good light, the reality has continued to show that it is nothing but sheer fraud and deceit. It is an attempt to rob the public in the interest of the few rich in Nigeria and globally, albeit using the general disillusionment in the current state of nation’s power sector, vis-à-vis erratic power supply and exploitation of people through the dubious bills. More than this, the current attempt at auctioning the state utility corporation, Power Holding Corporation of Nigeria (PHCN), again reflects the bankruptcy of the rent-seeking, predatory and clearly unproductive capitalist class in Nigeria – both in politics and big business. The privatization of the