Privatization of Power Sector in Nigeria: An Evaluation of Ibadan and Ikeja Electricity Distribution Companies Performance (2005–2018)
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Abstract
Description
The challenge of stable electricity supply in Nigeria with its harrowing effects on socio-economic
development accounted largely for government decision for privatization of the power sector.
However, the extent to which this purpose has been achieved requires investigation, which
necessitates this study. Survey research design was adopted, with questionnaire administered
on both residential and commercial customers of Ibadan and Ikeja electricity Distribution companies selected as focus for the study. Multiple regression statistics was used for data analysis. The
result shows that both distribution companies (DISCOs) have brought no significant improvement
to electricity supply going by the quality, billing, coverage, metering, load shedding, and response
to customers’ indicators. Thus we recommend that DISCOs should source for fund from the capital
market in order engender customer satisfaction, inject fund for replacement or upgrade of
dilapidated power equipments, provision of meters, especially, prepaid type while government
make the business environment convenient for healthy competition and regulation.
Keywords
H Social Sciences (General), JA Political science (General), JZ International relations