Economic cost of electricity outages: evidence from a sample study of industrial and commercial firms in the Lagos area of Nigeria.

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dc.contributor.authorUchendu, O. A.
dc.date.accessioned2018-10-15T12:41:51Z
dc.date.available2018-10-15T12:41:51Z
dc.date.issued1993-09
dc.description.abstractThe purpose of this study is to estimate some of the measurable costs of eledricity outages from a sample of industrial and commercial firms in the Lagos area. To achieve this objective, over 100 firms were surveyed. Analysis of the survey returns showed that firms in the area sustained substantial economic costs, consisting of adaptive costs (investments and operating costs on own generations), operating losses (raw and processed materials), equipment losses and unproduced output. Most of the firms indicated that NEPA's tariff was expensive. They also recommended among other things, private sector participation in the electricity industry and privatization of the National Electric Power Authority (NEPA) in order to improve electricity supply and distribution in Nigeria. Policy issues arising from the study include urgent need for government policy on private sector participation in the electricity industry; privatisation of NEPA; granting of tax incentives to firms for investment on own generation so as to dampen cost-push inflation; the granting of legal rights to manufacturers to claim for certain losses resulting from electricity failure, while electricity firms should be allowed to enforce laws infringing on electricity supply, transmission and distribution, and the need to standardise generating sizes and regulate generating models to ensure maintainability and easier access to spare parts.en_US
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dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-10-15T12:38:45Z (GMT) No. of bitstreams: 1 Economic cost of electricity outages evidence from sample study of industrial and commercial firms in lagos area of nigeria.pdf: 468039 bytes, checksum: 4850219b6fcba50d124a16020e98c7de (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-10-15T12:41:43Z (GMT) No. of bitstreams: 1 Economic cost of electricity outages evidence from sample study of industrial and commercial firms in lagos area of nigeria.pdf: 468039 bytes, checksum: 4850219b6fcba50d124a16020e98c7de (MD5)en
dc.description.provenanceMade available in DSpace on 2018-10-15T12:41:51Z (GMT). No. of bitstreams: 1 Economic cost of electricity outages evidence from sample study of industrial and commercial firms in lagos area of nigeria.pdf: 468039 bytes, checksum: 4850219b6fcba50d124a16020e98c7de (MD5) Previous issue date: 1993-09en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationUchendu, O. A. (1993). Economic cost of electricity outages: evidence from a sample study of industrial and commercial firms in the Lagos area of Nigeria. Economic and Financial Review, 31(3), 183–195.en_US
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/330
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Department.en_US
dc.relation.ispartofseriesVol. 31;No. 3
dc.subjectNational Electric Power Authority. (NEPA),en_US
dc.subjectElectricity supply,en_US
dc.subjectGovernment policy,en_US
dc.subjectDistribution,en_US
dc.subjectTransmission,en_US
dc.subjectMaintainability.en_US
dc.titleEconomic cost of electricity outages: evidence from a sample study of industrial and commercial firms in the Lagos area of Nigeria.en_US
dc.typeArticleen_US

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