Nigeria's Power Sector has been the bane of economic development over the years. This presentation proffers a solution to lack of capital which has been one of the challenges plaguing the sector.

1. Nigeria’s Power Sector:
Imperative for increased
Investment
By
Fayo Williams
fayowilliams@yahoo.co.uk

2. About NIGERIA
• 167m people
• 923,768 sq. km of land
• 36 states plus Federal Capital
Territory
• Untapped arable/agricultural
land
• Blessed with sunny weather
• We also know the downsides!
Nigeria's Power Sector: Imperative for increased
investment
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Image: http://www.glpinc.org

3. Nigerian Power Sector: Before and
Now
• BEFORE: First power plant in 1896 with a 20MW power
station at Ijora, Lagos
• 1950, then-colonial government passed the ECN
ordinance No. 15 of 1950. With this ordinance in place,
the electricity department and all those undertakings
which were controlled came under one body
• NOW: The Federal Government on Friday 1st Nov. 2013
handed over four generating companies (DISCOs) and
10 distribution companies (GENCOs) to core investors
across the federation with a charge on service
delivery..... http://web.ugometrics.com/dont/
Nigeria's Power Sector:
Imperative for increased
investment
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4. Nigeria’s Power needs
Nigeria's Power Sector: Imperative for increased investment
CURRENT SERVICE LEVEL
Generation as at 06:00Hrs 04-11-
15 4419.4MW
ACTUAL NEEDS
- About 200,000 MW
http://dailyindependentnig.com/2013
/05/06/nigeria-needs-200000mw-to-
meet-electricity-demand-nebo/
Image: freedigitalphotos.net
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5. Some challenges in the sector
• Inadequate power generation capacity
• Aged infrastructure
• Inefficient usage of capacity
• Lack of capital for investment
• High technical losses and vandalism
• Insufficient transmission and distribution
facilities
Nigeria's Power Sector: Imperative for increased investment
Source: Overview of the Nigerian
Electricity Presentation at the Nigeria
Power Sector Investment Forum
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6. Why declare an imperative on
Power?
- The impact of effective provision of power
will accelerate economic development
significantly
- SDGs especially poverty eradication will
receive a boost
- Job Creation will be promoted
- Insecurity will decrease
Nigeria's Power Sector:
Imperative for increased
investment
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7. Funding
Nigeria's Power Sector:
Imperative for increased
investment
‘Nigeria Spent N2.7trn
Power Generation In
16 Years’
Nigeria needs about N240trn to
generate 100megawatts
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8. Conclusion
• The Federal Government of Nigeria has a duty
to formulate policies for the speedy and safe
development of the powers sector in Nigeria.
• This presentation is proposing the floating of a
Development Bond (long – term investment) for
the upgrading of infrastructure and other key
requirements which will bring electricity supply
to the level Nigerians are yearning for.
• Foreign/Institutional Investors, Agencies and
Nigerians are the target audience.
Nigeria's Power Sector:
Imperative for increased
investment
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9. THANK YOU
Nigeria's Power Sector:
Imperative for increased
investment
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10. References
Nigeria's Power Sector: Imperative for increased investment
http://www.thisdaylive.com/articles/the-power-sector-privatisation-the-journey-so-
far/163271/
http://procurementmonitor.org/index.php?page=Articles&id=9
http://en.wikipedia.org/wiki/Power_Holding_Company_of_Nigeria
file://Overview_of_the_Nigerian_Power_Sector_Reform_Investor_Forum_Presentation_BP
E.pdf
http://dailyindependentnig.com/2013/05/06/nigeria-needs-200000mw-to-meet-electricity-
demand-nebo/
http://leadership.ng/business/459605/nigeria-spent-n2-7trn-power-generation-in-16-years
http://www.vanguardngr.com/2015/08/nigeria-needs-trillions-of-naira-to-have-steady-
power-prof-onuoha/
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