THE NIGERIAN ELECTRICITY REGULATORY COMMISSION
FINANCING AND INVESTMENT OPPORTUNITIES
BY
Dr. Ransome E. Owan Chairman & CEO
AT
THE NATIONAL WORKSHOP ON ELECTRIC POWER LIBERALIZATION, FINANCING/INVESTMENT
LAGOON RESTAURANT, LAGOS
BY WORLDSTAGE
ON
MARCH 30, 2006
OLD ELECTRICITY INDUSTRY STRUCTURE
Vertically Integrated Utility (erstwhile NEPA, now PHCN) generates, transmits and distributes electricity. FGN funding and loans.
PHCN-system operator but poor revenue collection.
High system and non-technical losses, investment shortage and non-commercial processes and procedures.
Result – Poor electricity supply, poor service, resource inadequacy and inability to meet growing demand.
All these problems necessitated a fresh start which was conceptualized in the sector reform process since 1999.
