News Headline -On October 1, 1960, Nigeria raised its green-white-green flag and entered the community of nations with boundless optimism. Under President Olusegun Obasanjo, Nigeria negotiated the cancellation of roughly US$18 billion—about 60 percent of its foreign debt stock. For the first time in decades, Nigeria was able to plan its budgets without the overwhelming burden of external debt service. The Power Sector CrisisPerhaps the single greatest constraint to Nigeria’s development is the chronic failure of the power sector. But the failures in power, oil governance, and human capital are reminders of the cost of inconsistency and weak delivery.