It's far from being at its best. Some areas go days without it. It's so bad that you sometimes feel grateful to have electricity when it's available. A lot have been forced to run generators for hours or try out inverters. Those two options are expensive and not very accessible to the regular folks.
After a little reading it seems that government price fixing and state provided monopoly have destroyed the electricity market, making it unworkable. It's bizarre that the biggest economy in Africa would lag behind other countries in such basic infrastructure.
Crypto is always promising to disrupt the state. Given that it is a market failure (due to interference from the state), I wonder if it could be worked around.
The distribution arm was “privatized” a few years ago, leaving the electricity generation to the state. This hasn’t changed much because you can only distribute what you have. In Nigeria, I’ve not seen any sector where government monopoly worked out well. I feel it’s only when electricity generation is privatized that improvements can come.
There’s examples in telecommunications, broadcasting, education and so on. Crypto can empower more people to begin seeking for answers and solutions.
It's far from being at its best. Some areas go days without it. It's so bad that you sometimes feel grateful to have electricity when it's available. A lot have been forced to run generators for hours or try out inverters. Those two options are expensive and not very accessible to the regular folks.
After a little reading it seems that government price fixing and state provided monopoly have destroyed the electricity market, making it unworkable. It's bizarre that the biggest economy in Africa would lag behind other countries in such basic infrastructure.
Crypto is always promising to disrupt the state. Given that it is a market failure (due to interference from the state), I wonder if it could be worked around.
The distribution arm was “privatized” a few years ago, leaving the electricity generation to the state. This hasn’t changed much because you can only distribute what you have. In Nigeria, I’ve not seen any sector where government monopoly worked out well. I feel it’s only when electricity generation is privatized that improvements can come.
There’s examples in telecommunications, broadcasting, education and so on. Crypto can empower more people to begin seeking for answers and solutions.