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Updated Overview of the Nigerian Electricity Industry
Frost & Sullivan, Aug 2010, Pages: 92
This research study is a an update on the state of the Nigerian electricity industry. Following the Frost & Sullivan Nigeria country study carried out in 2007, this research service investigates the latest developments that took place in the industry. It also contains forecasts on electricity demand and supply from 2005 to 2015. A particular attention is given to generation, transmission and distribution sectors. This study gives a comprehensive overview of the market size, industry challenges and market drivers and restraints. It also gives the legislative surrounding the sector and an analysis of the current infrastructure, on going and future projects in each sector.
Research Overview
This Frost & Sullivan research service titled 2010 Updated Overview of the Nigerian Electricity Industry provides an insight into the Nigerian electricity industry. This research service details the challenges and drivers of the industry as well as the ongoing and future projects in the electricity sector. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: power generation, electricity transmission and electricity distribution.
Market Overview
National Integrated Power Projects to Boost the Nigerian Electricity Industry
The Nigerian electricity industry is straddled with challenges such as a shortage of gas, erratic electricity supply and ageing infrastructure and staff. The government should enhance its existing infrastructure to reduce transmission and distribution losses and step-up the electricity supply. The National Integrated Power Projects (NIPPs) are expected to create innovative infrastructure and customer base that will boost Nigeria’s electricity supply. “The Nigerian Government has embarked on privatisation of the power sector to increase the sector’s capacity and efficiency in meeting the unmet electricity demand,” says the analyst of this research. “Additionally, the rural electrification programme which is still in its infancy stage presents significant opportunities for the growth of the power sector, despite the dissolution of the rural electrification agency (REA).” The Nigerian installed generation capacity is expected to grow by 37 per cent upon completion of the NIPPs. Therefore, with the country increasing its power generation capacity to meet the rising demand, it will significantly benefit equipment and service suppliers, financiers and major stakeholders.
However, the Nigerian electricity industry is ridden with infrastructural hurdles, resulting in unreliable electricity supply, lack of gas caused by pipelines being vandalised and inadequate maintenance of existing equipment. “Most units and power plants are dated from the 80s and are overdue for major overhaul,” explains the analyst. “The poor maintenance of electrical infrastructures as well as the overloading of transformers in many areas results in numerous breakdowns that affect the entire electricity system.”
The NIPPs along with the maintenance operations in the Nigerian electricity industry create significant opportunities for original equipment manufacturers (OEMs) of generation, transmission and distribution equipment, as well as consultants and distributors. “Substantial lucrative opportunities also exist in the transmission, distribution and equipment supply sections to complete NIPPs and commission independent power producers (IPPs),” concludes the analyst. “Therefore, the government has pledged more investment to boost the efficiency of the transmission and the distribution companies.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Power generation
- Electricity transmission
- Electricity distribution
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