Proem
In the past, the mechanism utilized in setting electricity prices in Nigeria was ill-defined and impervious and also because electricity was considered a public benefit to be provided by the government, electricity prices had traditionally been less than cost of production. At that point, the
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Ayodele Oni
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more