Political economy of Nigerian power sector reform

The Nigerian power sector reform is necessitated by the chronic poor performance of the sector and has as its compass the 2005 Electric Power Sector Reform Act and the Roadmap for Power Sector Reform 2010. Implementing reform has resulted in significant progress that includes unbundling and privatization of the long-standing government-owned monopoly in the power sector. The paper provides a comprehensive assessment of the reform, isolating the major challenges facing it, and focusing on political economy developments surrounding regulatory, institutional, legislative, and fiscal issues, with mainstreaming clean renewable energy being the main theme running through the analysis.