THE POWER SECTOR AND INDUSTRIAL DEVELOPMENT IN NIGERIA (CASE: POWER HOLDING COMPANY OF NIGERIA) (MANAGEMENT PROJECT TOPICS AND MATERIALS)
ABSTRACT
Background: The Power Sector has a great importance to our lives and takes a pivotal role in the economic transformation process. The need for electricity is paramount for the growth of a country, access to electricity as the basic form of energy supply to the masses is vital for the development of a nation’s economy.
Aims:Â The logic behind this project is to critique the impact of Electricity andIndustrial Development in Nigeria, also to find better energy sources for the production of electricity to rural areas in Nigeria by Power Holding Company of Nigeria.
Methods: The application of qualitative research method was used in this thesis to answer the research questions. A detailed structured interview was used as part of the data collection method. Analysis of the interview was used to acquire necessary information vital for the implementation of this project.
Results:Â The findings in this thesis indicate that there is a positive impact fromthe power sector on the industrial development of Nigeria. Also alternative energy source for the production of electricity is vital for effective supply of electricity in Nigeria through various renewable energy sources such as Solar, Wind, and Hydro.
Conclusions: A lesson to be learnt in this project is to encourage the growth of the Power Sector to achieve industrial development and economic growth.
Keywords:Â Electricity, Industrial Development, Energy, Economic Growth,Renewable Energy.
1Â Â Â Â Â Â INTRODUCTION
1.1Â Â Â Â Â Â Background for the Thesis
For over two decades, Nigeria has experienced problem in the area of electricity generation, transmission and distribution. The extent of this is underlined by the fact that Nigeria is the largest purchaser of standby electricity generating plants in the world. (Braimoh and Okedeyi 2010)
A country where importing of electricity generators has become a traditional norm in the society shows the level of problem the Nigerian Government is facing. Recent reports show that highly placed political figures are behind the importation of electricity generators to Nigeria.
The Nigerian Television Authority (NTA) recently reported that the Federal Government plans to eradicate and minimize the importation of generators. This potential eradication is tied to improving the current energy sector, although we can point out that the Government is more concerned with the effect of pollution and other hazardous harm the generators cause to the society.
However, eradicating or minimizing generator importation is mainly not the solution to Nigeria’s electricity problem. The Federal Government of Nigeria should gather resources and focus more on tackling the problem that leads to the importation of generators, which is POWER SUPPLY.
In addition, the Federal Government of Nigeria should subsidies other alternative energy sources such as SOLAR, WIND POWER, HYDRO POWER, which can easily address pollution concerns. The key point is focusing on solution, not fringe issues that will not benefit the Nigerian society.
