Power sector development requires coordinated progress on all four legs of the development process, namely political, macro-economic, sector and financial. The failures in reform and private investment mobilization in the nation’s power industry highlight the fact that electric power, as a social good and key input to economic development, is inextricably tied to the larger political, macro-economic, and financial considerations that need to develop in parallel to enhance the potential for reform.
Even as the debate over the appropriate financing methods for the Nigerian power sector still rages, experts have advocated an all-inclusive system that recognizes the different levels of involvement, with particular emphasis on the socio-economic impact of electricity tariff increase on the very poor in society, who have been at the receiving end of an inefficient and unreliable power system..... Read more...http://sweetcrudereports.com/2011/08/03/tariff-reform-and-power-sector-funding-in-nigeria/
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