- The Complete Research Material is averagely 52 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
Get the complete project »

ABSTRACT
The study examine impact of power generation on the economy of Nigeria, This study was undertaken majorly to examine the impact of power generation on the economy of Nigeria between 1990 and 2015. Specific objectives of the study are: To examine the level of effectiveness of the Power generating companies in Nigeria, To identify the factors limiting the adequate generation of Power in Nigeria between 1990 and 2015.
Concerning methodology for this study, the study utilizes secondary data extracted from the published annual reports of the commercial bank used for the study. With the secondary data collected, returns on assets and equity for the relevant years were computed. The secondary source used in conducting this research was based extensively on documentary sources which are textbooks, journals, articles, newspaper articles, paper presentations etc. also it involved Publications of Central Bank of Nigeria and monetary institutions such as CBN bulletins, presentations, slides, commercial bank bulletins etc. The type of research design for this study is exploratory and it is conducted because a problem has not been clearly defined. Various analytical tools and soft wares such as pie charts, tables, and Statistical Package for Social Science (SPSS) will be used in analyzing data for this study. Data collected will be analyzed using frequencies and percentages. These frequencies and percentages will enable the researcher to clearly represent true data characteristics and findings with a great deal of accuracy. Interpretation and analysis of data will also be used to describe items in tables used for this study.
Findings from the study revealed that there is a positive significant relation of 0.745 between power generation and economic development of Nigeria.
The outcome of this study will educate the general public on the impact of power generation on the economy of Nigeria between 1990 and 2015.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Electricity is pivotal to the economic development of nations. Its use is directly correlated with healthy economic growth (Kaseke & Hosking, 2013). Nigeria is one of the most populated countries in Africa but only about 40% of the people are connected to the energy grid. The people who actually have power experience difficulties around 60% of the time (Aliyu, Ramli & Saleh, 2013).
Aliyu, Ramli and Saleh, (2013) claim that these blackouts that is occasioned by poor power generation has crippled the industrial sector. For example outages in this area of the world also have implications for the mining industry. When power fails, workers may be trapped in the mines, so as soon as there is a risk of failure the operations are such down, which leads to economic difficulties (Kaseke & Hosking, 2013). Poor power generation also causes problems for agriculture. Most irrigation lines are run by electricity, so when the power is cut out then the crop yield decreases, (Kaseke & Hosking, 2013). Nigeria’s energy grid is arguably in crisis due to lack of development. The key to making a more reliable energy sector is to find and use a renewable energy resources, rather than simply relying on the country’s non-renewable resources for power generation. The crisis of power generation is a complex problem stemming from a variety of issues. This study will cover the impact of power generation on the economy of Nigeria between 1990 and 2015 and the effect on the people who live in Nigeria and the potential solutions to the crisis.
The people in Nigeria near the oil and natural gas reserves often vandalize or steal oil because they feel like they should have a share in the oil that is coming from their area of the country (US Energy Administration, 2013). In Nigeria the shortfall of electricity leads to the overuse of generators for energy. It is estimated that about 30% of power generated is produced in this manner (US Energy Administration, 2013). Currently the only plan the government has in place to help solve the power generation crisis is to expand the fossil fuel burning sector (US Energy Administration, 2013). Nigeria has a reputation of having one of the most corrupt governments in the world (Ejiogu, 2012). It is rich in natural resources, which should and does create billions of dollars of revenue, the production of the oil is not shared with the rest of the country. About 70% of people in Nigeria live below the poverty line and the unemployment rate is 21% (Ejiogu, 2012). Alternative forms of power generation are not used probably because of availability of oil in Nigeria, as it has the world’s seventh largest oil reserves (Ejiogu, 2012).
Currently Nigeria uses four different types of energy sources for power generation and they includes natural gas, oil, hydro and coal (Aliyu, Ramli & Saleh, 2013). The power generation sector is heavily dependent on petroleum as a method for electricity production which has slowed down the development of alternative forms of energy (Aliyu, Ramli & Saleh, 2013). Three out of the four above resources used for energy production in Nigeria are linked with increasing greenhouse gas emissions: coal, oil and natural gas, with coal emitting the worst of the three (Middleton 2013). The effectiveness of the six power generation companies (GENCOs) in Nigeria has been questioned by stakeholders in recent times. The concerned authorities has continued to blame the failure of these generation companies on the activities of pipeline vandals and other agitating groups sabotaging the efforts of government. However, all these has greatly affected the economic growth of the nation negatively.
As at 1990, the generation and distribution of electricity in Nigeria is handled by the National Electricity Power Authority (NEPA). By 1999-2005 (The advent of democratic government), an act was enacted establishing PHCN, an Initial Holding Company (IHC), as a result of Government effort to revitalize power sector. This was an intended name for privatization which was meant to transfer assets and liabilities of NEPA to PHCN. It was officially commissioned on the 5th of May 2005 and was to carry out business of NEPA which is still on. In the same vein, the National Integrated Power Projects (NIPP) was inaugurated in 2004 to be able to catalyze and fast track the upgrading of adding more capacity to the current available power generating capacity in the country.
The PHCN, as a Company, was unbundled into 18 companies as follows: six (6) generating companies, one (1) transmission company (i.e. Transmission Company of Nigeria-TCN), and eleven (11) distribution companies. The generating companies are Egbin Electricity Generating Company (EEGC), Sapele, Ughelli, Afam, Shiroro and Kainji. There are also some new Independent Power Producers under the auspices of the Niger-Delta Power Holding Company (NDPHC). The 11 distribution companies are Abuja Electricity Distribution Company (AEDC), Benin Electricity Distribution Company (BEDC), Eko Electricity Distribution Company (EkEDC), Enugu Electricity Distribution Company (EnEDC), Ibadan Electricity Distribution Company (IbEDC), Ikeja Electricity Distribution Company (IkEDC), Jos Electricity Distribution Company (JEDC), Kaduna Electricity Distribution Company (KdEDC), Kano Electricity Distribution Company (KnEDC), Port-Harcourt Electricity Distribution Company (PHEDC), Yola Electricity Distribution Company (YEDC). Currently, the Federal Government owns 100% of the transmission company, while its hold on the generating companies is 20 per cent (with 80 per cent of equity sold to private investors. In other words; the transmission company of Nigeria (TCN) is 100 per cent owned, generating companies (GENCOs) 20 per cent owned by government and 80 per cent private sector ownership. On the 30th of September 2013, the Federal Government handed over certificates of ownership to prospective owners. Since then the generation and distribution of electricity have been transferred to the private investors. On Wednesday February 12, 2014, the Nigerian Electricity Regulatory Commission at the meeting held with power generating and distributing companies in the country unanimously agreed that the Transition Electricity Market (TEM) idea should be left in the cooler for the meantime. The meaning of this is that the electricity industry in the country is believed to currently operate in the transition regime.
1.2 STATEMENT OF THE PROBLEM
Power generation is the hub of both economic and technological development of any nation. The electricity industry in the Nigeria has gone through quite a lot of metamorphosis between 1990 and 2015. Power generation and electricity supply is a very sensitive issue with several political and economic sophistications in many countries which most of the time define the industry’s effectiveness. Thus, it has continuously drawn great attention from both the industrialists and the political class. As a matter of fact, it has become a veritable avenue to gaining more votes during elections. More important is the fact that every other sector of the economy depends on adequate supply of electricity through effective power generation.
1.3 OBJECTIVES OF THE STUDY
The following are the objectives of this study:
1. To examine the impact of power generation on the economy of Nigeria between 1990 and 2015.
2. To examine the level of effectiveness of the Power generating companies in Nigeria.
3. To identify the factors limiting the adequate generation of Power in Nigeria between 1990 and 2015.
1.4 RESEARCH QUESTIONS
1. What is the impact of power generation on the economy of Nigeria between 1990 and 2015?
2. What is the level of effectiveness of the Power generating companies in Nigeria?
3. What are the factors limiting the adequate generation of Power in Nigeria between 1990 and 2015?
1.5 HYPOTHESIS
HO: There is no significant relationship between power generation and economy development in Nigeria between 1990 and 2015.
HA: There is significant relationship between power generation and economy development in Nigeria between 1990 and 2015.
1.6 SIGNIFICANCE OF THE STUDY
The following are the significance of this study:
1. The outcome of this study will educate the general public on the impact of power generation on the economy of Nigeria between 1990 and 2015.
2. This research will be a contribution to the body of literature in the area of the effect of personality trait on student’s academic performance, thereby constituting the empirical literature for future research in the subject area
1.7 SCOPE/LIMITATIONS OF THE STUDY
This study will cover the activities of power generation companies in Nigeria between 1990 and 2015 and examining its effect on economic development.
LIMITATION OF STUDY
Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).
Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.
You either get what you want or your money back. T&C Apply

You can find more project topics easily, just search
-
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
-
1. IMPACT OF COMMERCIAL BANK IN NIGERIA ECONOMY A CASE STUDY OF UNITED BANK OF AFRICAN (UBA)
» CHAPTER ONE 1.1 INTRODUCTION BACKGROUND OF THE STUDY The economy of any country consist of sectors these sectors include industrial transport, agricul...Continue Reading »Item Type & Format: Project Material - Ms Word | 75 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
2. MANAGEMENT ACCOUNTING TECHNIQUES IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC. ABA)
» ABSTRACT This project attempts to establish the vital role which management Accounting techniques play in manufacturing firms , A case study of Nigeri...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
3. IMPACT OF FIRM ATTRIBUTES ON EARNINGS QUALITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Financial statements are the main means of communicating the affairs of the company to all the st...Continue Reading »Item Type & Format: Project Material - Ms Word | 97 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
4. EFFECTS OF SMOKING, FRYING AND FREEZING ON NUTRIENT COMPOSITION, MICROBIAL QUALITY AND SHELF LIFE OF CLARIAS GARIEPINUSBURCHELL, 1822
» ABSTRACT This study evaluate the effects of smoking, frying and freezing on the nutrient composition, microbial quality and shelf life of Clariasgarie...Continue Reading »Item Type & Format: Project Material - Ms Word | 112 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
5. THE INCIDENCE OF BRAND LOYALTY AMONG CONSUMERS’ OF CEREAL FOODS (A CASE STUDY OF PHINOMAR FOODS ENUGU)
» CHAPTER ONE 9 INTRODUCTION 1.1 BACKGROUND OF STUDY Human behaviour is enormously varied and very complex and is predicted on attitude, learning and ha...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
6. THE IMPACT OF INTERNAL AUDITING ON THE PERFORMANCE OF A COMPANY (A CASE STUDY OF ZENITH BANK PLC AGBOR BRANCH)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY This research is an attempt to study the impact of internal auditing on the performance of a comp...Continue Reading »Item Type & Format: Project Material - Ms Word | 42 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
7. COST ACCOUNTING AND CONTROL IN THE AGRICULTURAL SECTOR PROBLEMS AND SOLUTIONS. (A CASE STUDY OF LIVESTOCK FEEDS NIGERIA PLC)
» ABSTRACT This research work was necessitated by the need to highlight, the cost accounting and control problems inherent in the agricultural sector an...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
8. THE EXTENT OF RELIANCE ON ACCOUNTING INFORMATION FOR EFFECTIVE BUSINESS AND FINANCIAL DECISION IN CORPORATE ORGANISATION
» CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY Accounting information is an ingredient in most, if not all, financial managerial decisions. In ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
9. EXCHANGE RATE VOLATILITY AND FOREIGN DIRECT INVESTMENT; EVIDENCE FROM FIVE SELECTED COUNTRIES IN SUB-SAHARAN AFRICA
» ABSTRACT Exchange rate volatility is an economic factor to investors in determining the direction of their investment therefore this research examines...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
10. THE IMPACT OF INTERNAL CONTROL SYSTEM ON GOALS ACHIEVEMENT OF A MANUFACTURING FIRM (A STUDY OF CHAMPION BREWERIES PLC, UYO)
» ABSTRACT This project lay emphasis on the impact of internal control system on goals achievement of a manufacturing firm. It is phenomenon for every o...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT