Nigeria’s Power Sector: Progress and Prospects for Successful Reform
Dr Sam Amadi, Chairman, Nigerian Electricity Regulatory Commission
Chair: Peter Callaghan, Director General, Commonwealth Business Council
Nigeria’s power generation deficit is a significant constraint on the country’s growth and development. The Presidential Task Force on Power estimates that if current generation and transmission levels persist, by 2020 the cost of Nigeria’s poor power supply in terms of lost GDP would be up to 20 trillion Naira (USD 130 billion) per annum. Nigeria’s power generation capacity is roughly a tenth of South Africa’s, while its population is well over three times that of South Africa’s. Ambitious reform is under way, decentralizing and privatizing the power sector, intended to improve management and stimulate new investment. Dr Sam Amadi will discuss the NERC’s involvement in the reform as the licensing and regulatory authority, progress made and outstanding challenges.