Legal and socio-economic implications of privatising energy enterprises in Africa: the Nigerian experience

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Periodical article

Title:	Legal and socio-economic implications of privatising energy enterprises in Africa: the Nigerian experience
Authors:	Omoleke, I.I. Bisiriyu, L.
Year:	2005
Periodical:	Lesotho Law Journal: A Journal of Law and Development
Volume:	15
Issue:	1
Pages:	97-140
Language:	English
Geographic term:	Nigeria
Subjects:	energy economics energy policy public enterprises privatization
Abstract:	Keynesian theory believes that public or State-owned enterprises are needed to provide social services and to propel development. However, in practice, State-owned enterprises have often been criticized for being economically inefficient and wasteful of resources. With this in mind, the authors examine the role and performance of public enterprises in the area of energy supply in Nigeria, specifically the Nigeria National Electric Power Authority and the Nigerian National Petroleum Corporation. Both are found to be inept and fail to meet the demands of Nigerian consumers for electricity and fuel. The authors then outline the case for and against privatization of Nigeria's energy enterprises. Ref. [ASC Leiden abstract]