Download or read book A Legal Perspective on Nigeria's Blossoming Electric Power Sector written by Isaiah Eromonsele Oreweme and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity has been in use in Nigeria for well over a century. The country has however experienced poor growth in its electricity supply industry, with grave effects on its economic and social development. The more apparent factors which have left the electricity sector in a dismal state include lack of capital expenditure, inadequacy of fuel, irregular maintenance of facilities, use of outdated facilities, inefficient revenue collection, vandalisation of facilities and corruption. In recent years the Federal Government has made effort to reform the country's electricity supply industry by, among other steps, passing the Electric Power Sector Reform Act (EPSRA) in 2005. The EPSRA provides for establishment of the Nigeria Electricity Regulatory Commission (NERC) and the liberalization and privatization of the power sector by removing the monopoly hitherto held by the National Electric Power Authority (NEPA). Pursuant to the EPSRA, NEPA has been unbundled into separate generating companies, distribution companies and a transmission company. The EPSRA also provides a framework for the privatization and liberalization of the Nigerian electricity supply industry with a view to making it competitive and more efficient. This paper attempts to highlight some of the major features of Nigeria's evolving electricity supply industry.