Nigeria Electricity Power Supply System: The Past, Present and the Future

Sustainable Power Supply: A Catalyst for Economic Development In Nigeria

“…Energy supply mix can enhance power supply sustainability and also, improve socio-economic growth that will impact job creation, crime reduction and global warming through the use of renewable technologies. With the current global trend towards Renewable Energy Sources (RES), it is expected that RES demand and utilization will skyrocket due to environmental concerns and harmful effects of traditional fossil fuel (Ayamolowo et al, 2019). The Federal Ministry of Environment of Nigeria with the assistance of the United Nations Development Programme (UNDP) is currently implementing a policy called Nigeria Renewable Energy Master Plan (REMP).…”

“…Similarly, the REMP made a short term, medium term and long-term plan for targeted energy harvest from Renewable Energy Sources (RES) from Nigeria as estimated of 16,000 MW; 30,0000 MW and 192,000 MW respectively (Sambo, 2009). Table 1 presented renewable energy expected to account for 13%, 23% and 36% of the total energy generation (Ayamolowo et al, 2019). The Renewable Energy Sources (RES) are key components of sustainable power supply and development.…”

“…Even at that, it is on record that only 52% of the Nigeria population is connected to the electricity grid with 48% of the country's population is in blackout. But according to some school of thought, that the available electricity capacity presently is insufficient to meet existing power needs of less than 40% who have access to the national grid (Ayamolowo et al, 2019). Also, the connected population faces power problems 60% of the time (Aliyu, et al, 2015).…”

“…The unbundling of the Nigeria electricity grid was in anticipation of a better services to consumers (citizens) but this hope has been dash after many years of unbundling the Nigeria electricity grid. It is on record that less than 40% of the Nigeria population have access to the grid (Ayamolowo et al, 2019). Even at that, the available electricity is insufficient to meet the needs of the 40% of the population.…”

The impact of the recession on the liquidity and activity ratios of top power transmission company: case of power grid corporation of India Ltd.

“…High profits lead to improved financial performance, which attracts more investors to buy the company's stock, causing the stock price to rise. Ayamolowo et al (2019) illustrates the evolution of Nigeria's electric power supply system and projects it into the future the essential changes that would be required to meet Nigerians' ever-increasing load demand. According to the poll, with the correct policies in place, private sector participation will be encouraged, resulting in the power industry's rapid development.…”