Nigeria brings electricity privatisation to Hong Kong

Nigerian government officials and power-sector executives visited Hong Kong yesterday as part of an investor roadshow to sell 10 gas-fired power stations.

Despite extensive oil deposits, Nigeria’s political leaders have struggled for years to improve access to electricity. The privatisations are part of a plan to transform the sector. One of the main goals of the strategy is to increase generating capacity to as much as 40 gigawatts by 2020, from today’s level of about five.

“To provide you some background as to how we got here, two important tools that led to the reforms of the sector the Nigerian Electric Power Policy 2001 and the subsequent...