Productivity Index of the Nigeria Power Sector

The Nigerian power sector has been plagued with numerous challenges characterized by poor generation transmission and distribution facilities. This is mainly due to the poor policies in place that has consistently frustrated the penetration of reliable investors who are able to bring transformation This study highlights the challenges faced in the industry and the opportunities for sustainable growth. The only way there can be an increase in productivity in the energy sector is the adoption of new and sustamable technologies from current best practices. This can only be actualized through a careful review of the policies regulating operators in the industry. With Nigena's growing population expected to hit over 400 million in 2050 to become the third most populous country in the world, following India and Chma in the second and first positions respectively, something has to be done now. The government has introduced different strategies to curb this problem including encouraging the participation of private investors, diversification of the available sources of energy and promoting efficiency for development. In addition to this, the government has invested billions of dollars on the acquisition of generation, transmission and distribution facilities. The conclusive part of this study revealed that renewable energy as an alternative energy source is required by Nigeria to complement other sources of energy to stimulate sustainable growth and development.