Effective Electric Power Generation and Distribution result in the overall increase in efficiency in an economy. Nigeria generates 4500 MW for a population of 200 million people; hence, more than 50% of the population has no electricity access, and those with access experience power outages. Inasmuch as Nigeria is blessed with a vast amount of renewable energy sources, the country heavily relies on Natural Gas for power Generation. With regards to Power Generation, it is seen that the Power Generated is not evacuated efficiently. The purpose of this study is to access the growth of the Nigerian Power Sector from 1898 till date. This is achieved by evaluating the Power Sector Reforms enacted by different government to analyze their effectiveness. Furthermore, the study reviews strategically research that have discussed the strengths and weakness of the Nigerian Power Sector to be able to suggest hidden opportunities and reveal threats to the attainment of sustainable energy for all in 2030. Some of the Challenges discovered were energy user challenges, financial challenges, and energy losses. Some solutions and opportunities are the use of distributed generation, smart meters and the implemented of a smart grid system. In the long run, the authors propose that viable renewable energy sources in each State of the federation be tapped for Power Generation this would enable each State to the self-reliant and contributors to the Nigerian Power Generation Pool. It is believed that this actions would promote economic, social and technological benefits for the every stakeholder.
Keywords: Challenges; Distributed generation; Pollution charge; Power distribution; Power generation; Prospects.
© 2023 The Authors.