AN ANALYSIS OF THE LEGAL FRAMEWORK ON PRIVATIZATION OF THE NIGERIAN POWER SECTOR

Abstract

Nigeria has since suffered from epileptic power supply for decades. Over the years, attempts have been made to improve its performance through privatization. The study explains the rationale for the implementation of the privatization program in Nigeria power sector and discusses the legal framework for its implementation. It also presents a critical analysis of the various legal provisions that govern the regulatory institutions, evaluates them in relation to their regulatory mandates and recommends ways of improving on the effectiveness and efficiency of these institutions. In examining these laws, this work seeks to identify the lacunae, drawbacks and limitations existing in these regulations and advance recommendations towards the efficient administration and implementation of the Electric Power Sector Reform Act.