Power Generation in Nigeria

It was towards the end of the 19th century when the development of electricity began in Nigeria, when the first generating power plant was installed in the city of Lagos in 1898. Since then up until the 1950, the outline of electricity development was in the shape of individual electricity power undertaking spread all over the towns. A few of the undertakings were Federal Government bodies belonging to the Public Works Dept, while some were by the Native Authorities and others by the Municipal Authorities.

Major problems within the Nigerian power sector, predominantly relating to power outages and undependable service, forced the Nigerian government to take assertive action. It enacted the 2005 Electric Power Sector Reform Act, which called for the division of the national power utility company into groups of 18 successor companies: six generation companies, 11 distribution companies covering all 36 Nigerian states, and a nationwide power transmission company. The act predetermined that ownership of these companies be granted to the Bureau of Public Enterprises, which is the privatization arm of the national government and the Ministry of Finance Incorporated. This unbundling made the way for a motivated privatization program to be carried out by the Bureau of Public Enterprises in Nigeria. Power Holding Company Nigeria was shut down on 30th September 2013 following a successful privatization process by the Good luck Jonathan government. At Pinnacle Power, we aspire to be the preeminent supplier of technical and professional resources to private companies and public sector institutions occupied in major power and infrastructure projects all over Nigeria. Power renders the technical and professional resources required for major power and infrastructure projects throughout Nigeria. Our widespread range of services means we can present our clients, both private and public sector, end-to-end turnkey solutions through auxiliary companies.