Nigeria's Power Privatisation Reaches Final Act

The privatisiation process, initiated in 1999 and reaching a definitive milestone in 2013, has been one of the most talked about developments and investment opportunities in the region. In placing all power generation and distribution infrastructure in private sector hands, the reforms hope to completely reshape the industry. Sola and Chukwubuike discuss the process, its success so far, remaining risks and what it might mean for Nigeria's diesel and petrol generator-dependent economy.

When did you begin working on power sector laws and regulations and how has your practice developed since then?

I started in 2000 with Arthur Andersen. Arthur Andersen was part of a group that was engaged by the government to do the work that resulted in the passage of the Electric Power Sector Reform Act (2005). I joined when that bit of work was running from 2000-02 and the Act was drafted as part of that exercise, although it did not get passed until March 2005.