What can Nigeria learn from the previous mistakes in electricity liberalisation - Research Paper Example

Comments (1) Cite this document
Summary
In the current world, electricity liberalization is a global phenomenon, though only a handful of nations have achieved considerable liberalization. Perhaps, liberalization in the electricity industry has unique challenges. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
What can Nigeria learn from the previous mistakes in electricity liberalisation
Read TextPreview

Extract of sample "What can Nigeria learn from the previous mistakes in electricity liberalisation"

Download file to see previous pages The industrial policy decisions and public finances, the physical characteristics of supply, the magnitude of capital requirement and size of industry, and the complex and close relationships between the industry and other significant economic elements all combine to impose challenges to the liberalization process. During electricity industry the liberalization in Brazil, Argentina, and Peru, various mistakes occurred, though these industries are the road to set successful models. Currently, Nigeria is liberalizing her energy industry, and may draw upon the earlier flaws of these models to fortify the sector. This paper seeks to present a discussion on the fundamental mistakes and discuss the way forward for Nigeria.
Privatization is a term that evokes sharp political reactions. The concept covers a great range of policies and ideas, varying from reasonableness to impractical. Despite the variation and the somewhat unclear meaning, privatization has unequivocal political objectives and origins. Proposals for privatization not only return the service to the original private sphere but also seek to create new types of market relations and assure results superior or comparable public programs. In essence, privatization refers to the transfer of government assets or services to the private sector. The state may sell some of its assets to private investors, or alternatively lift statutory restrictions on competition between publicly and privately owned enterprises. Furthermore, by the state may be contract out services that it initially provided. The primary objective of privatization is to increase government efficiency1. Nonetheless, implementation of this concept may result in either negative or positive effects on government’s revenue. Essentially, privatization is the opposite of nationalization. Reasons for Privatization In general, privatization of the electricity industry in Nigeria was a result of the desire to increase efficiency and competitiveness, as well as the belief that the market place powers can achieve this more efficiently and effectively than state control. Nonetheless, given the previous history of government participation in services and goods production in Nigeria, and the prevalent history of crisis in these public enterprises, the process of privatization in Nigeria has various expected objectives. First, privatization is a way to inject market discipline to the board members, as the board must reflect the interests of shareholders, primarily the private sector investors whose interest lie with profit maximization. Second, the process results ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“What can Nigeria learn from the previous mistakes in electricity Research Paper”, n.d.)
Retrieved from https://studentshare.org/law/1398135-what-can-nigeria-learn-from-the-previous-mistakes
(What Can Nigeria Learn from the Previous Mistakes in Electricity Research Paper)
https://studentshare.org/law/1398135-what-can-nigeria-learn-from-the-previous-mistakes.
“What Can Nigeria Learn from the Previous Mistakes in Electricity Research Paper”, n.d. https://studentshare.org/law/1398135-what-can-nigeria-learn-from-the-previous-mistakes.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
jo
josianne37 added comment 1 year ago
Student rated this paper as
I had an issue with a research paper types of works. All until I came across this website and this particular essay. Even though "What can Nigeria learn from the previous mistakes in electricity liberalisation?" is far from my interests, the structure is so great that I use it all the time as an example for my own works.

CHECK THESE SAMPLES OF What can Nigeria learn from the previous mistakes in electricity liberalisation

Trade Liberalisation Schemes

..., contemplating its effect on the availability of medicines and technology transfer to the developing countries. The NAFTA Agreement is examined in order to gain a better understanding of the economic effects on production and consumption patterns and overall trends resulting from entering into a regional free trade agreement, for both a developed and a developing country. Additionally we reflect on the potential opportunistic costs that arise as a result of the current set of trade-distorting policies, which may be of specific importance in devising alternative and sustainable trade liberalization policies on an international level. 3 Introduction Previous decades have been marked with an increase in the establishment of...
26 Pages(6500 words)Dissertation

Generating electricity

...of support given or received. Funding can be tendered by either private or public or both at the same time. Each system is always affected by both political and economical judgments (Sowell 2011). In choosing a funding system, the first criterion is to assess the performance of available systems and eliminate those with low performance, then estimate benefits and costs of the remaining systems. Funding can be in the form of physical resources, economically, public funding, social entitlement, partnership models, donors and saving accounts, which can affect the electricity supply in either three models, these are; a) Free personal model b) Partnership model c)...
10 Pages(2500 words)Assignment

Decarbonizing Electricity

...Decarbonizing Method Technology: Wind Power With the world seeking to mitigate carbon emission through adoption ofclean and renewable energy sources, wind power is increasingly becoming a popular option. The principle behind wind power is to harness the kinetic (wind) energy of fast moving winds that is used to rotate turbines. In turn, these turbines generate electricity which can be commercially viable depending on the velocity of the winds. Harnessing of this wind power sometimes is a challenge because winds are not constantly flowing and therefore at such times there is bound to be overloads and power surges. This has been one of the biggest challenges for wind power generating companies and...
3 Pages(750 words)Assignment

Electricity

... percent at that time to 25 percent four years hence. Fast forward to 2012, and the challenges that lie ahead of electricity generation and transmission have to do with providing adequate and cleaner electricity generation options for America and the rest of the world. Alternative energy sources are being pursued, with renewable energy options taking center stage at present as viable options for the future (Accent Energy Group, 2012). II. Improvements in Electricity Generation and Transmission through the Centuries California can be considered a representative case of how complex the business of electricity generation and transmission has become in the United States in modern times. This builds on the earlier technological... and...
7 Pages(1750 words)Assignment

Financial Liberalisation

.... In the light of this irony, this paper intends to look at liberalization from the Asian perspective, specifically from the viewpoint of China and South Korea. The idea of liberalization holds at its core the notion that there be a total and complete opening of the market so that trade and capital can freely enter and move out without the burden of tax, tariffs and other forms of governmental control. Coupled with this is the idea of deregulation, which implies no governmental intervention or minimal governmental intervention in the dynamic movements of the market. This perception of liberalization has in fact has been carried over to all aspects and players of the market sparing nothing even financial...
8 Pages(2000 words)Coursework

Wireless Electricity

...Team Letter Section Reference Review Assignment Brown, W. C. (1996). The history of wireless power transmission. Solar Energy, Volume 56 Issue pp.3-21. This is a journal paper written by Brown. In this paper, Brown discusses a detailed history of wireless energy transmission. Basically, this paper presents the history of wireless energy transmission by taking into consideration the growth rate of energy frequencies. I plan to use this paper as a basis for getting an overview of some of the basic concepts associated with wireless energy transmission. I will use some of its parts to discuss the history and developments in the field of wireless transmission. Burali, Y. N., & Patil, C. B. (2012). Wireless Electricity...
2 Pages(500 words)Assignment

Medical mistakes

..., and the equally increasing costs in health care. Presently, 2014, the costs of healthcare have undoubtedly increased from what they were in the past, and this can be depicted from the increased costs of healthcare in Ontario in the period 1994-2004. Figure 1: Increase in health related costs in Ontario from1994-2004. This is just but a representation of the constantly increasing health related costs in Canada. If this was the increase ten years ago, then the costs must have risen to considerably higher amounts today. It is important to note that in these costs, there is a significant proportion that is as a result of age related illnesses. Today, ten years since the above statistics of Ontario were provided, there are...
14 Pages(3500 words)Research Paper

Electricity

...electrical appliances of technological era including computers, telephones, television, electric lights etc. Moreover, the industrial sector and business of any country owes its development to the electricity system of that country. Energy consumption is also an omen of a country’s wealth, because higher consumption indicates a higher proportion of middle class, who can afford to utilize energy. (Hill) (Fission Uranium Corp.) This graph show that Global demand for Electricity is set to grow 76% by 2030 (source: WNA, July 2012) .This is only a little reflection of the whole story, whereas in developed countries like United States, frequent brownouts...
5 Pages(1250 words)Essay

Crucial mistakes

...When one sets life purposes, it is important to learn and develop to achieve that purpose and to learn, making mistakes is a critical part. Human evolution may not have progressed well, had men not made the mistakes to improve things in life. As such, to learn, to develop and to advance as an individual as well as a society, it is important that crucial mistakes are made. Mistakes are good to make because they tell us what we need to improve and how we need to change in order to achieve our goals and objectives. Committing mistakes therefore lead us to a better future as we move along our life and attempt...
1 Pages(250 words)Essay

Decentralized Electrification in Nigeria

.... The centralized generation plants can produce electricity in large quantities therefore just like any large mass producing body they enjoy the economies of scale. However extremely large quantities of capital are required for these plants and opportunities are limited for large scale centralized generation such as hydroelectric plants. Decentralized plants however are much smaller. For factories these small power plants can even be built in the same building. The real advantages of distributed generations can be availed by installing smaller plants relying on renewable energy. Nigeria is gifted with a lot of energy sources which are totally renewable....
48 Pages(12000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic What can Nigeria learn from the previous mistakes in electricity liberalisation for FREE!

Contact Us