Assessment of Power Sector and Industrial Development in Nigeria: A Study of Ikeja Electricity Distribution Company
DOI:
https://doi.org/10.47672/jde.1243Keywords:
Power, Transmission, Generation, Distribution, Industrial Development.Abstract
Purpose: The paper examines the nexus of power sector and industrial development in Nigeria using Ikeja Electricity Distribution Company as a case study. Industrial development necessitates efficient management of available resources, as well as equitably allocating these resources and effectively utilizing them productively for industrial growth. Contemporary, industries uses modern operational technologies in respect to production, resource allocation and utilization. These are designed and tied strictly to the use of energy in one form or the other. Over a decade ago, lack of improvement in the power sector has led to total collapse of industrial sector in Nigeria. The resultant effect of poor power generation, distribution and transmission has crippled many manufacturing companies in Nigeria leading to mass exodus of investors in the industrial sector.
Methodology: The study adopts a survey research design and chi-square statistical method. The population of the study which consist of employees of Ikeja Electricity Distribution Company were purposely selected for the study.
Findings: Findings provide that significant relationship exists between power generation, transmission and distribution and industrial development in Nigeria.
Recommendation: Based on the findings, the major recommendations proffered require power sector operators to ensure adequate investment in power infrastructure that will meet the electricity needs of consumers, render qualitative services at affordable tariffs, taking post-privatization challenges into account by creating a good governance structure that will boost consumers’ confidence.
Downloads
References
Adewumi, A., (2016). Pipeline Vandalism: Implications on Economy. [Online] Available at: http://economicconfidential.com/2016/05/pipeline-vandalism-implicationseconomy/
Africa Progress Report, (2015). Power, People, Planet: Seizing Africa's Energy and Climate Opportunities, Geneva: Africa Progress Panel.
Berger, M. T. (2004). The Battle for Asia, From decolonization to globalization London, Rutledge Curzon.
Challenges facing the Nigerian power sector (2016) http://country.eiu.com/article.aspx?articleid=1003980684&Country=Nigeria&topic=Economy_1 retrieved on 20/2/2022
Emodi, N. V. & Yusuf, S. D., (2015). Improving Electricity Access in Nigeria: Obstacles and the Way Forward. International Journal of Energy Economics and Policy, pp. 335-351
Emodi, N. V. & Yusuf, S. D., (2015). Improving Electricity Access in Nigeria: Obstacles and the Way Forward. International Journal of Energy Economics and Policy, 335-351
Ferguson, R., Wilkinson, W. & Hill, R., (2000). Electricity Use and Economic Development. Energy Policy, Vol. 28, 923-234.
Fick, M., 2016. Nigeria’s ‘superminister’ struggles to keep the lights turned on. [Online] Available at: https://www.ft.com/content/58fdcef6-8701-11e6-a75a-0c4dce033ade
Gumel, E. M., (2016). Evaluating the Technical Challenges in Dealing with an Insolvent Market. Abuja, Nextier Power Dialogue
Haque, M. S. (1999). Restructuring Development Theories and Policies, A Critical Study New York, State University of New York Press, Albany.
Ley, K., Gaines, D. J. & Ghatikar, A., (2015). The Nigerian Energy Sector: An Overview with a Special Emphasis on Renewable Energy, Energy Efficiency and Rural Electrification, Abuja:
Nigeria Electricity Power Hub, (2017). January 2017 Nextier Power Dialogue with H.M Babatunde Fashola. [Online]
Obadote, D., (2009). Energy Crisis in Nigeria: Technical Issues and Solutions. Abuja, Power Sector Prayer Conference. Office of Vice President of the FGN, 2015. Nigeria Power Baseline Report, Abuja: Power Africa.
Ohimain, E. I., (2015). Diversification of Nigerian Electricity Generation Sources. Energy Sources, Part B: Economics, Planning, and Policy, pp. 298-305.
Olaoye, T. (2016). Energy Crisis in Nigeria: Need for Rewable Energy Mix. American Journal of Electrical and Electronic Engineering, 4(1), 1-8.
Onagoruwa, B., (2011). Nigerian Power Sector Reforms and Privatisation, Abuja: Bureau of Public Enterprises.
Oseni, M. O. & Pollitt, M. G., (2012). The Economic Costs of Unsupplied Electricity: Evidence from Backup Generation among African Firms. Cambridge Working Paper in Economics 1351.
Reyes, G. E. (2001). "Four main Theories of Development: Modernization, Dependency, World Systems, and Globalization " NOMADAS 4: 1-12.
Reyes, G. E. (2001). "Theory of Globalization: Fundamental Basis " Sincronia Spring 1-5.
Sambo, A., Garba, B., Zarma, I. H. & Gaji, M., 2012. Electricity Generation and the Present Challenges in the Nigerian Power Sector. Journal of Energy and Power Engineering, pp. 1050- 1059.
Szymanski, A. (1982). The Socialist World-System. Socialist states in the world-system C. K. Chase-Dunn. Beverly Hills, Sage Publications: 57-84.
Verolme, H., (2015). Nigeria’s Energy Future. [Online] Available at: https://ng.boell.org/2015/06/11/nigeria%E2%80%99s-energy-future
Vincent, E. N. & Yusuf, S. D., (2014). Integrating Renewable Energy and Smart Grid Technology into the Nigerian Electricity Grid System. Smart Grid and Renewable Energy, pp. 220-238.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Dr. Adeyeye Tolulope Charles, Akinsanya Alade Mohammed
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work’s authorship and initial publication in this journal.
