Power System Restructuring in Nigeria

This paper examines power system restructuring in Nigeria, exposing problems in the electricity market, its limitations, and effects on consumers. By studying power stable countries such as the United States and Germany, the paper identifies lessons Nigeria can learn. Germany's open market structure attracts diverse investors and renewable energy providers, while the US model features state-controlled regulation. The paper proposes that Nigeria restructure its market to encourage state generation, create competition among distribution companies, remove political sentiment, and utilize renewable energy to achieve stable and affordable electricity supply.