Welcome to Open Science
Contact Us
Home Books Journals Submission Open Science Join Us News
Energy, Growth and Economic Development: A Case Study of the Nigerian Electricity Sector
Current Issue
Volume 2, 2014
Issue 2 (April)
Pages: 41-54   |   Vol. 2, No. 2, April 2014   |   Follow on         
Paper in PDF Downloads: 39   Since Aug. 28, 2015 Views: 1605   Since Aug. 28, 2015
Authors
[1]
Samson A. Aladejare , Department of Economics, Federal University Wukari, Nigeria.
Abstract
It is apparent that the poor performance of the electricity power sector in Nigeria since inception has been a significant obstacle preventing private investment, the overall development and economic growth in the country. The market structure prevalent in the sector like other sectors in most economies of the developing world is dominated by the state-owned Power Holding Company of Nigeria (PHCN), which is a monopolistic, vertically integrated business model. With the government’s recent commencement of the review of its Power Sector Roadmap, this paper seeks to examine the reform process in the country’s electricity power sector with the view of attaining sustainable growth and development of the economy. The method of analysis used in this study is the descriptive and statistical technique of analysis. It is expected that the reform process as would be postulated by this paper if adopted, should bring about the desired growth and developmental benefits to the Nation via: job creation in the sector and other sectors arising by rechannelling of funds into those sectors from the power sector, reduction in electricity tariffs, improve service standard as well as increase export earnings, etc
Keywords
Economic Growth, Economic Development, Electricity, Energy, Reform, Nigeria
Reference
[1]
A.S. Sambo (2011). Energy sector and sustainable development in Nigeria: Issues and Prospects. Lecture Delivered at the College Auditorium, National Defence College of Nigeria, Abuja.
[2]
Adenikinju A (2005) ’ Analysis of the cost of infrastructure failures in a developing economy the case of electricity sector in Nigeria’. African Economic Research Consortium AERC Research Paper 148, Nairobi, February 2005
[3]
Akin Iwayemi (2011). Energy Resources and Development in Nigeria. Paper presentation
[4]
Bureau of Public Enterprises — Presentation titled “Power Generation (Status and Outlook)” given at the Nigeria Power Sector Investment Forum in London, 27 January 2011, available at http://www.bpeng.org/Electric_Power/Pages/default.aspx.
[5]
Bureau of Public Enterprises (2011). Overview of the Nigeria Electricity Industry (Roles, Responsibilities, Structure, Expectation). Presentation at the Nigeria Power Sector Investment Forum-Lagos, Dubai, London,New York and Johannesburg
[6]
Bureau of Public Enterprises and CPCS Consortium — Presentation titled “Privatisation of PHCN Successor Generation and Distribution Companies” given at the Nigeria Power Sector Investment Forum in London, 27 January 2011, available at http://www.bpeng.org/Electric_ Power/Pages/default.aspx.
[7]
Business Monitor International, “Nigeria Power Report”, published 4 February 2011, available at http://www.businessmonitor.com/power/nigeria. html.
[8]
CBN (2009), Statistical Bulletin 50 Years Special Anniversary Edition, December, Abuja
[9]
Central Bank of Nigeria (2011), “N300 Billion Power and Airline Intervention Fund (PAIF) — Revised Guidelines (v3)”, available at http://www. cenbank.org.
[10]
Central Bank of Nigeria (2000) ‘The changing structure of the Nigerian economy and implications for development’. Research Department, Central Bank of Nigeria; Realm Communications Ltd, Lagos, August
[11]
Dr. David Ige, Gas Aggregation Company Nigeria Limited (GACN) — Presentation titled “Gas to Power—Status and Outlook” given at the Nigeria Power Sector Investment Forum in London, 27 January 2011.
[12]
Jumbe, C.B.L., (2004). Cointegration and Causality between Electricity Consumption and GDP: Empirical Evidence from Malawi. Energy Economics, 26, 61-68.
[13]
Kraft, J., Kraft, A. (1978), On the relationship between energy and GNP. Journal of Energy and Development 3, 401-403.
[14]
Lathan and Watkins (2011). Nigeria Power Sector Reforms: Opportunities and Challenges for Investment. Client Alert.
[15]
Martin Oshof Ogharandukun (2009). Status of Energy Supply and the Nuclear Option. Presented at the 2009 public lecture forum of the global educational initiative for Nigeria.
[16]
Nigerian Electricity Regulatory Commission — Presentation titled “Tariff Design and Regulation”given at the Nigeria Power Sector Investment Forum in London, 27 January 2011.
[17]
Nnaji C et al (2010) In: Nnaji CE, Uzoma CC (eds) CIA World Factbook., Nigeria, http://www.cia.gov/library/publications/the-world-factbook/geos/ni. html
[18]
Panel discussion at the Nigeria Power Sector Investment Forum in London, 27 January 2011; Templars, “Nigeria: Power Sector Reforms”, February 2011 Newsletter.
[19]
Renaissance Capital, “Nigerian Infrastructure: Naija go change!”, Sector Report, Africa Research, 30 July 2008.
[20]
Sunday Olayinka Oyedepo (2012). Energy and sustainable development in Nigeria: the way forward. Springer open journal
[21]
World Development Indicators & Global Development Finance (2012), Database.
Open Science Scholarly Journals
Open Science is a peer-reviewed platform, the journals of which cover a wide range of academic disciplines and serve the world's research and scholarly communities. Upon acceptance, Open Science Journals will be immediately and permanently free for everyone to read and download.
CONTACT US
Office Address:
228 Park Ave., S#45956, New York, NY 10003
Phone: +(001)(347)535 0661
E-mail:
LET'S GET IN TOUCH
Name
E-mail
Subject
Message
SEND MASSAGE
Copyright © 2013-, Open Science Publishers - All Rights Reserved