Various Reforms in the Electricity Sector in Nigeria: Past, Present and the Effectiveness of these Reforms
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Date
2020
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Publisher
Journal of International Energy and Environmental Law
Abstract
Constant power supply is undoubtedly the hallmark of a developed economy. Any country with epileptic power supply only prolongs her overall development and risks losing potential inrvestors. This paper, therefore, examines the various reforms that have been carried out in the power sector by successive governments in Nigeria from 1999 to date and the impact of these reforms on the life of an average Nigerian. It considers the overall power sector reforms and evaluates the inherent opportunities and challenges. The authors found that the deregulation and various reforms did not appreciably improve the power sector hence recommended that government should continue the rehabilitation of the various power systems to enable core Nigerian investors to consider alternative sources of energy like solar, tide, biomass, and wind. We also recommend that the government should have the political will to revamp the sector and block all loopholes such as estimated billing, massive corruption, extortion, and illegal collections. It calls on the Presidency to assent to the 2019 Power Reform Amendment Bill so as to address the incessant power failure with its multi-various adverse effects. The authors also advocate the procurement of modern equipment and stricter regime and regulations for players in the industry.
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Keywords
Power sector, Energy sources, Privatisation, Reforms