The Power Industry Reform in Nigeria: The Journey So Far

Abstract

Nigeria being the most populous African nation has recorded an increasing gap between the power supplied and power demanded. In order to curb this challenge, the Nigeria power sector has undergone several power reforms. However, these reforms have only helped in restructuring the power sector with no significant improvement in power delivery. During the past decades, several reforms have been geared towards restructuring the power generation, transmission and distribution sector in order to improve industrialization. This paper reviews the various reforms which have taken effect in the Nigeria power sector and their influence in improving the Nigerian power sector. Furthermore, succinct information on the present performance of the power sector is provided highlighting its deficiency, but however, proffering workable solutions to the lingering challenges considering the abundant availability of renewable energy sources in Nigeria as a means of meeting the goals of Vision 20:2020.