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The Nigeria Electricity Sector: The Journey Thus Far and the Future

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Document pages: 17 pages

Abstract: The need for viable supply of electricity to match the demand in a fast industrializing country such as Nigeria cannot be over emphasized. Nearly two decades since the formulation of the National Electricity Power Policy, which set in motion the process of unbundling and privatization of the Nigeria Electric Power Authority, much is left to be achieved regarding efficient generation and supply of electric power in Nigeria. Issues ranging from billing, financial distress, poor supply amongst others still plague the industry. This paper seeks to examine the legal, institutional and regulatory framework of the electric power sector with a view to understanding what has been left undone in ensuring maximal power supply in Nigeria. It analyses the state of the industry since the advent of privatization and seeks to pave a workable approach to optimizing the Electric Power industry, which would ultimately boost the Nigerian economy.

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