Power Sector Reform in Nigeria: Implications and Impacts on the Nation‟s Economy

  IJETT-book-cover  International Journal of Engineering Trends and Technology (IJETT)          
  
© 2016 by IJETT Journal
Volume-39 Number-5
Year of Publication : 2016
Authors : S.K Bello, K.A Bello, C. Madu
  10.14445/22315381/IJETT-V39P242

MLA 

S.K Bello, K.A Bello, C. Madu"Power Sector Reform in Nigeria: Implications and Impacts on the Nation‟s Economy", International Journal of Engineering Trends and Technology (IJETT), V39(5),250-256 September 2016. ISSN:2231-5381. www.ijettjournal.org. published by seventh sense research group

Abstract
For more than a decade and half now a number of African countries have embarked on implementing power sector reform programme in a bid to address the deficiencies in the management and operations of their power utilities. The rationale for power sector reforms was to improve the technical, commercial and financial performance of utilities, boost sector cash flow and enhance utilities’ creditworthiness, facilitate mobilization of resources for capital investment no a commercial basis thereby releasing public funds for other investments and extend access to electricity to poor and rural communities. One of the most critical drivers for power sector reform is linked to lack of capital to expand and rehabilitate existing systems. This is probably due to pressure from the development finance institutions including the World Bank. Nigeria like most African countries have thus decided to embark on reforming their power sectors, following the announcement of the 1993 World Banks Electric Power Lending Policy calling developing countries to demonstrate a clear indication to implement comprehensive power sector reform programme; as a precondition of the Bank’s continued assistance in the sector.

 References

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Keywords
Reform, Power Sector, Corporatization, Electricity, Lending Policy, Independent power producers (IPP), Independent power distributors (IPD).