July 29, by articles 1 Comment Privatization in the Nigerian Economy Privatization involves the transfer of ownership from the public sector to the private sector. Therefore, it entails the allocation of shares which is meant to be done to have a fair geographical and income groups in the country. Also, there is the need for compromise between the government and the citizens due to certain misconceptions and fears about the privatization programme.
Privatization of Electricity Industry in Nigeria: Lessons from Europe and United States of America March 16, by spaajibade Leave a Comment Electricity plays a pivotal role in global economic development; hence inadequate access to electricity hinders development in the developing countries; particularly in Nigeria compared to their developed counterparts.
The most substantial effort towards tackling the electricity deficit commenced with the enactment of the Electric Power Sector Reform Act, EPSR Act which aims at privatizing the industry. Introduction The importance of electricity in contemporary societies cannot be over-emphasised; given its use to heat or cool homes, run businesses, operate industrial machineries, computer systems and other devices — which save man-hours and expand production.
If abundant, it has the power to facilitate development.
If scarce, it makes the development challenges even more complex. Efforts by the Federal Government of Nigeria to reform the sector are traced back to setting up of machinery in the year to liberalize the Nigerian Electricity Supply Industry NESI and allow private investments and management for efficient generation, transmission, distribution and supply of electricity to the consumers to ease the several developmental challenges.
Thesis on privatization in nigeria article evaluates the implementation of the statutory and policy voyage from state monopoly towards privatization of the NESI.
The author traced the history of electricity generation in Nigeria back to when it was first produced in Lagos and the first legislation in the NESI was the Electricity Act of He connects the overall discussion, through the myriad of challenges and attempts at overcoming them, to the interim market stage where the market has metamorphosed into a considerably privatised market.
To evaluate the implementation of the statutory and policy voyage the paper attempts to answer two questions: The central thesis of this paper which is the answer proffered by the author is that notwithstanding the current and likely legal, policy and regulatory challenges, the ongoing privatization of NESI is the proper path to improving and sustaining grid capacity, turning the light on and kick-starting economic growth in Nigeria.
This tariff regime that allows licensees, who operate efficiently, to recover the full cost of their activities, including a reasonable return on capital is said to have ensured that the private sector is investing in the NESI. The regional approach to transmission and regulation management is considered a better option for Nigeria under the EPSR Act.
The author also recommends the USA system where States authorities regulate the market within their respective borders and allow cross-border trade in electricity for the NESI.
This is because since the equal pricing for access to the grid in the functional unbundling does not guarantee non-discriminatory third party access, an integrated company is in a position to and often can charge equally overpriced access fees to its own electricity generators as well as to its competitors.
Either type of market regulation will serve the NESI significantly better. Thankfully, smart metering by the distributors and suppliers is already being aggressively addressed through formulation and implementation of policies and orders by NERC, in its capacity as the market regulator.
The legal basis for off grid electricity generation, transmission and distribution and supply is laid down by section 62 of the EPSR Act, by which a person may construct, own or operate an undertaking for generating electricity not exceeding 1 megawatt MW in aggregate at a site or an undertaking for distribution for electricity with a capacity not exceeding kilowatts KW in aggregate at a site, or such other capacity as the Commission may determine from time to time, without a licence.
Political will, ideological reorientation of all stakeholders, continuous investments in infrastructures, gas aggregation, and prevention of gas pipeline vandalism, proper regulation, vertical unbundling of the NESI are some of the identified decisions driving the major changes and improving the NESI.ADVERTISEMENTS: Essay on Privatization: Meaning, Reasons and Effects!
Essay on the Meaning of Privatisation: Privatisation has become an integral part of pro-competition programme and has now become a familiar feature of new consensus economic policy. It is defined as the transfer of state owned resources to private control. ADVERTISEMENTS: This can be achieved through direct [ ].
The central thesis of this paper which is the answer proffered by the author is that notwithstanding the current and likely legal, policy and regulatory challenges, the ongoing privatization of NESI is the proper path to improving and sustaining grid capacity, turning the light on and kick-starting economic growth in Nigeria.
Nigeria, the telecoms company and the fiscal impact of the whole privatization process on the Nigerian economy and labour market; while the paper is concluded with remarks on the privatization of the specific utility companies ; what are the conclusion as to the efficacy of the privatization activities in the Country.
I hereby certify that this research thesis on Privatization and National Development in Nigeria: A Case study of the Power Sector has meet the requirements for the award of skybox2008.com (Hons) Degree in Public Policy Analysis, of the Nasarawa State University, Keffi.
Evaluation of Privatization Policy in Nigeria ( - ) - A Study of Bereau for Public Enterprise (BPE) - Peter Ogwuche Iduh - Master's Thesis - Economics - Case Scenarios - Publish your bachelor's or master's thesis, dissertation, term paper or essayPages: The chapter contains a brief narrative on public enterprises in Nigeria with impact on Nigeria’s economic development, the concept of privatization and commercialization, history of thepolicy and the evolution of the Power Holding Company of Nigeria (PHCN) and its activities in Nigeria.