Author

  • Aladejuyigbe Oluwafemi

    • Department of Business Administration, the Business School, University of Roehampton, London, UK
    • United Kingdom

  • Olawumi Dele Awolusi

    • Department of Accounting and Finance, College of Economics and Management, Kampala International University, Kampala, Uganda
    • Uganda

Abstract

The deplorable condition of energy supply and distribution, generally called vitality neediness has been distinguished as one noteworthy failure militating against the satisfaction of Nigeria's objective of achieving financial improvement. The objectives of this study are to identify the challenges that limit the development and accentuate the stagnancy and near decline in Nigeria's energy sector. AmartyaSen's Capability approach was the theory that provided the framework for the study. The comfort examining the system, the purposive inspecting procedure and the arbitrary determination method were utilized. The purposive examining strategy was utilized to choose five (5) respondents from the best administration staff of the power segment for the inside and out meetings, while the random sampling technique was utilized in selecting discussants for the Focus Group Discussions. Findings revealed that that the pervading challenges that impede the development of the electricity sector in the country are the insufficient financial capacity to purchase huge power generating sets or maintain the existing ones, the commercial unavailability of the electricity sector that renders it unattractive to prospective investors, consumers' unwillingness to pay for electricity units at cost-reflective prices. In conclusion, the findings of this research indicate that energy poverty possesses an adverse effect on both the individual and economic well-being of the nation. The study recommends that more funding, both from private individuals and government is required to enhance electricity generation, transmission and distribution in the country. It also recommends a revitalization of the country's electricity sector, to make it more commercially viable and attractive to an investor.

Keywords

References

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How to Cite

Oluwafemi, A., & Awolusi, O. D. (2021). Global Energy Poverty: Nigeria as a Case Study. Information Management and Business Review, 13(3(I), 14-29. https://doi.org/10.22610/imbr.v13i3(I).3204

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Research Paper

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Vol. 13 No. 3(I) (2021) Energy Poverty, Choice Overload & Digital Finance View issue contents

Published

2021-12-21

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