Authors :
Naenwi Yaabari; Peter.O. Ohiero; Etim, Archibong .A
Volume/Issue :
Volume 6 - 2021, Issue 4 - April
Google Scholar :
http://bitly.ws/9nMw
Scribd :
https://bit.ly/3wO7NV8
Abstract :
Uninterrupted supply of adequate, safe,
stable, affordable and sustainable electricity is the
backbone of sustainable entrepreneurship development,
industrial and economic growth. However, electricity is
the major factor slowing down entrepreneurship
development in Nigeria. Its supply is not only epileptic,
but is inadequate with regular and frequent outages,
interruptions and load shedding affecting daily business
hours and activities in urban and rural areas. Currently,
Nigeria relies on centralized power system dominated by
thermal power and hydropower plants, which requires
power to be supplied from the central power generating
stations through the transmission and distribution lines
to all the urban and rural communities. While the power
generation, transmission and distribution capacity are
inadequate, there is also total absent of transmission and
distribution lines in many urban and rural areas which
has affected daily life and businesses in these areas. The
solutions to these involve building additional or
expanding existing large power plants, expanding and
extending transmission and distribution lines and
equipment capacity to supply adequate electricity to
areas without access to electricity. This requires huge
funds and investment and can take longer time. The
consequence is that many entrepreneurs resort to selfgeneration of power from generators using conventional
sources of energy such as petroleum and diesel. This
further increases the cost of starting and operating
entrepreneurship businesses as well the negative effect
on environment. Successive Government over the years,
have made power reform policies with very little
improvement in electricity supply. This paper examines
the state of power supply in Nigeria and made
recommendations towards improving power supply for a
sustainable entrepreneurship development. One very
important recommendation is for the country to shift
from a centralized power system to a distributed
generation with energy mix utilizing renewable energy
sources in areas with abundant renewable sources.
Keywords :
Nigeria, Power Supply, Entrepreneurship Development, Renewable Energy Resources, Distributed Generations, Sustainable Power Supply
Uninterrupted supply of adequate, safe,
stable, affordable and sustainable electricity is the
backbone of sustainable entrepreneurship development,
industrial and economic growth. However, electricity is
the major factor slowing down entrepreneurship
development in Nigeria. Its supply is not only epileptic,
but is inadequate with regular and frequent outages,
interruptions and load shedding affecting daily business
hours and activities in urban and rural areas. Currently,
Nigeria relies on centralized power system dominated by
thermal power and hydropower plants, which requires
power to be supplied from the central power generating
stations through the transmission and distribution lines
to all the urban and rural communities. While the power
generation, transmission and distribution capacity are
inadequate, there is also total absent of transmission and
distribution lines in many urban and rural areas which
has affected daily life and businesses in these areas. The
solutions to these involve building additional or
expanding existing large power plants, expanding and
extending transmission and distribution lines and
equipment capacity to supply adequate electricity to
areas without access to electricity. This requires huge
funds and investment and can take longer time. The
consequence is that many entrepreneurs resort to selfgeneration of power from generators using conventional
sources of energy such as petroleum and diesel. This
further increases the cost of starting and operating
entrepreneurship businesses as well the negative effect
on environment. Successive Government over the years,
have made power reform policies with very little
improvement in electricity supply. This paper examines
the state of power supply in Nigeria and made
recommendations towards improving power supply for a
sustainable entrepreneurship development. One very
important recommendation is for the country to shift
from a centralized power system to a distributed
generation with energy mix utilizing renewable energy
sources in areas with abundant renewable sources.
Keywords :
Nigeria, Power Supply, Entrepreneurship Development, Renewable Energy Resources, Distributed Generations, Sustainable Power Supply
