Trend appraisal of Nigeria's energy sector and its implication on living standards

Abstract

Utility capacity and energy consumption in Nigeria over a 10-year period 2005-2014 were analysed. Improvement was recorded from 2010 through 2014 for yearly and monthly peak load demand and energy consumption. The coming on stream of some NIPP plants, reduction in vandalism of gas infrastructure following the presidential amnesty to Niger Delta militant in August 2009, the launching of power sector road map in 2010 which saw to the eventual privatisation of power generation and distribution and mean monthly reservoir inflow for Kainji Dam respectively were seen to influence the yearly and monthly energy distribution. By regression technique, per capita electricity consumption (EC/capita) was used to predict to a reasonable degree of accuracy the living standard indicators-infrastructure availability and purchasing power parity. The implication of this therefore is that for there to be a positive shift in the economic and social well-being of the populace attention must be given to the provision of functional energy infrastructure.