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International report

Nigeria privatises power industry

Audio 02:54
A power official works on an electric pole along a street in Lagos
A power official works on an electric pole along a street in Lagos Reuters/Akintunde Akinleye

Nigeria, a country notorious for frequent power cuts, has  privatised its power sector in an effort to improve electricity supply. Fourteen private firms have taken over the government owned electricity company. While many Nigerians are happy about plans to transform the power sector, the development is bad news for several businesses. 

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