Many Nigerians have reacted with skepticism to the approved $750 Million International Development Association (IDA) credit made by the World Bank for Nigeria’s Power sector Recovery Operation (PSRO), said to be aimed at improving electricity supply in the country. The recurring question is centred on how the $750 Million would be put to judicious use. According to the World Bank, about 47% of Nigerians do not have access to grid electricity and those who do have access, face regular power cuts. In addition, the economic cost of power shortages in Nigeria is estimated at about $28 Billion, equivalent to 2% of its Gross Domestic Product (GDP). Despite the privatisation of Nigeria’s Power sector in 2013, during the Goodluck Jonathan administration, the country has failed to achieve a consistent and reliable supply of electricity. In the past and even presently, there have been enormous promises made to address Nigeria’s unreliable energy supply and power needs. Huge investments have been made in the sector which still lies in shambles. Nigeria, with its expanding economy, has one of the widest energy gaps in the world. Power production falls short of demand, which constitutes a primary constraint on the nation’s economic growth.