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Bullion

Keywords

Electricity, Power sector, Reforms.

Abstract

Various strategies have been employed over the years by the Government to boost power in the country. These strategies have been hinged on policies, reforms and roadmaps, including the 2005 Electric Power Sector Reform Act, the Roadmap for Power Sector Reform 2010 and the current Roadmap for Change. A perfunctory look at previous reforms has resulted in significant progress, including unbundling and privatizing the long-standing government-owned monopoly in the power sector. This paper takes a comprehensive assessment of the Roadmap of Change comparing it to previous policies, isolating policy perspectives, prospects and challenges facing it. It also gleans lessons from selected country experiences. The paper concludes by outlining standpoints the current roadmap needs to take into consideration to achieve the goals of incremental power, steady power and uninterrupted power.

Author Bio

The authors are staff of the Research Department, Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

41

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