Abstract
The state of electricity supply in Nigeria is nothing to write home about. The situation has resulted in the government adopting the privatization policy as the elixir to the affliction of inadequate power supply in the country. Thus, this paper investigated the privatization policy of the power sector and how it affects development in the rural areas of the Ijumu local government of Kogi State, Nigeria. The modernization theory was adopted in this paper. Data acquired from 120 respondents selected with the use of the three-stage sampling procedure, was analyzed with Statistical Packages for Social Sciences (SPSS/PC) Version 20. The study revealed that privatization of the power sector has not transformed into a significant improvement in electricity supply. Consequently, the study recommends that there is need for the government to ensure that the policy adopted should be of optimum form to achieve the desired results.
Highlights
A solemn duty of a nation is the provision of basic amenities to its citizens
Public enterprises stand as a sort of bridge, linking the government and its citizens owing to the opportunities it offers in terms of sufficient employment and reasonably priced services
The following are the objectives of this study: 1. To examine the relationship between privatization policy in the power sector and improvement in power supply
Summary
A solemn duty of a nation is the provision of basic amenities to its citizens. Public enterprises stand as a sort of bridge, linking the government and its citizens owing to the opportunities it offers in terms of sufficient employment and reasonably priced services. The choice of privatization or commercialization does come up when the rudimentary functions of these enterprises are not accomplished due to corruption, inefficiency, mismanagement and the likes. In lieu of these problems some public enterprises were privatized, with other public enterprises that escaped its yoke commercialized so as to be rid of the observed glitches in the services provided (Claudius, 2014).
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