Nigerian gencos in crisis as World Bank adds to support for industry

Approval by the World Bank Group (WBG) of a $486m International Development Association (IDA) credit package for the Nigeria Electricity Transmission Access Project (Netap) signalled a continuation of the multi-billion dollar support structure put in place to reanimate the dysfunctional industry. But while the government can point to some advances, the outlook for the Nigerian electricity supply industry seems as precarious as it did eight years ago, when its elegantly structured privatisation was rolled out.