Currently, the corporation is on the verge of being
finally privatized and commercialized to enhance efficiency
and effectiveness in its operations. It is currently called
Power Holding Company of Nigeria (PHCN), the
corporation has been unbundled into six independent
organizations and efforts are on to sell off government
stakes to private equity investors and bidding is currently
ongoing [7]. As at 2005, the staff strength of NEPA was
35000 and the customer base was well over 20 million.