n CPEEL Monograph Series - The electricity sector

Volume 2, Issue 3
  • ISSN :


Electricity is of strategic importance to the Nigerian economy, being a major driver for growth. It also has a major role to play in reducing poverty, improving productivity and enhancing the general quality of life of the Nigerian people. Since Nigeria's independence in 1960, more than US$60 billion has been invested in the sector, but national electricity generation still falls short of demand leading to load shedding, blackouts, and a heavy dependence on private generators. The financial inability of the government to provide at least US$70 billion needed to resuscitate electricity generating capacity at a barely adequate levelled to the privatization of the sector in 2013 (CSL, 2014).

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