Public disaster and private gain - The proposed privatisation of electricity in Nigeria

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Hall, David (2010)
  • Publisher: PSIRU
  • Subject: DT | TK

This report is a critical examination of the proposals to privatise Nigeria’s electricity system. It draws on the most recent reports on energy in Africa and on global research carried out by the PSIRU.\ud The first part considers whether the government’s plans are supported by empirical evidence. It examines the data on experience elsewhere in Africa and the world on the key issues:\ud - investment in electricity systems by public and private sector\ud - the record of attempts at privatisation of distribution companies\ud - the impact of privatised generation through independent power producers (IPPs)\ud - policies of other major developing economies on liberalisation and privatisation of the sector\ud The second part examines the experience so far with attempts to introduce private companies into the electricity sector into Nigeria. These include a series of corruption cases, and extensive government guarantees for private companies. It also looks at the role of the World Bank in supporting guarantees for private companies.\ud The final section sets out the alternative approach using public finance from oil and gas revenues, which could deliver universal access within five years.
  • References (1)

    Anderson, J.A., 2009. Electricity Restructuring: A Review of Efforts around the World and the Consumer Response. The Electricity Journal, 22(3), 70-86. Available at: http://www.sciencedirect.com/science/article/B6VSS-4VY16BV2/2/c6a2f7d764e06203a8ec658abb98b75d Dagdeviren, H., 2009. Limits to competition and regulation in privatized electricity markets. Annals of Public and Cooperative Economics, 80(4), 641-664. Available at: http://dx.doi.org/10.1111/j.1467-8292.2009.00395.x Eberhard A. and Gratwick K. 2010 IPPs in Sub-Saharan Africa: determinants of success. September 2010 http://gsbnet.uct.ac.za/MIR/admin/documents/AE%20IPPs_30_8_2010_28995.pdf Hall D. 2009 Global experience with electricity liberalisation PSIRU December 2009 http://www.psiru.org/reports/2009-12-E-Indon.doc WEO 2008: Chapter 15 “Prospects in oil- and gas- exporting sub-Saharan African countries” http://www.iea.org/weo/database_electricity/WEO2008-Chapter%2015.pdf WEO 2010: Chapter 8 "Energy poverty - How to make modern energy access universal?" International Energy Agency November 2010 http://www.iea.org/weo/docs/weo2010/weo2010_poverty.pdf World Bank/AFD. Africa's Infrastructure 2010 http://www.infrastructureafrica.org/aicd/system/files/AIATT_Consolidated_smaller.pdf

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