Abstract:
This research examines the restructuring of the Nigeria electric power sector and the performance of the sector. The specific objectives of this research includes: i. To ascertain whether or not restructuring of Nigeria electric power sector has led to increase in electricity generation and consumption in Nigeria. ii. To find out if reform of Nigeria electric power sector has led to increase in revenue generation by PHCN. iii. To enquire whether or not restructuring of Nigeria electric power sector has led to increase of investment in the sector. The theoretical framework applied in this study is Systems Theory which empowers us to analyze Nigeria electric power sector as a system which receives input of demand and support from its environment and produces output in the form of supply of electricity to its environment. The data for this study was obtained from secondary sources such as text books, magazines, and internet materials and were analyzed with simple percentage method of analysis. The findings of the study show that the restructuring of the Nigeria electric power sector has led to increase of investment in the power sector; increase in revenue generation by PHCN; but has not led to increase in electricity generation and consumption in Nigeria. Thus, we have recommended for intensification of the fight against corruption; gas industry reform; formulation of environmental policy; encouragement of competition in the power sector; provision of favourable environment for private investment; appropriate billing method; and intensive consumer education.
