Issues and Challenges of Ownership and Privatization of Power Stations in Nigeria'

Abstract

A lot of attempts being made by the Nigeria government at industrialization and advancement of economic growth have been hindered by energy infrastructures deficit gap. Constant and adequate power supply is an important condition for an advance economic growth and to boost industrialization in the country. Many efforts to close this gap are being made, one of which is privatization of the power stations. The privatization of the power stations is meant to tackle the problems facing power supply in Nigeria, which include limited access power, inadequate generation and usage of power capacity etc. This issue of privatization is now rampant among countries, this paper discusses the efforts being made to give a stable power supply before it was privatized and after it was privatized, also this paper discuss on the challenges being encountered in the power sector during the ownership by government and when it was privatized. If the issues and challenges raised are properly tackled, there would be an increase/development in industrialization and the country’s economy.