Shelleng noted that the price increase will have a positive impact on output as demand tends to be inelastic. Therefore the whole power sector value chain from generation, distribution to consumption will see growth.
“Electricity is more or less a support sector. Improvement in power supply will be felt across many sectors beyond the electricity, gas, steam and air conditioning supply sector. It should be noted however that the sector is not entirely about electricity supplies, it includes others like gas, steam and air conditioning.”
The Agusto & Co report observed that since the privatisation exercise that commenced in 2013, the Nigerian electric power industry has remained fraught with many of the same challenges ranging from unreflective tariffs to high loss levels, obsolete infrastructure, weak policy implementation and gas shortages.
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