(MENAFNEditorial)
President Muhammadu Buhari's efforts to sustain reform momentum in Nigeria's power sector will require him to tackle major structural issues and attract private investment into power provision. Overcoming gas supply bottlenecks and securing investment in TCN will be necessary to build an integrated power supply chain and sustain private investor interest in generation assets.
President-elect Muhammadu Buhari and his All Progressive Congress (APC) party's comprehensive victory in the April 2015 election grant him a strong platform from which to implement his ambitious reform agenda. Having taken a commanding majority in both the upper and lower houses of Nigeria's bicameral National Assembly we expect Buhari to make early progress on stated policies such as petroleum industry reform boosting fiscal accountability tackling corruption and reforming the power sector. Such reforms are critical if Nigeria is to have any hope of overcoming the major structural challenges it faces - namely a reliance on (dwindling) oil exports and a scarcity of productive capacity.
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An economic transformation will take many years but we believe the next 18 months will be an important litmus test of the new government's reform credentials. In the power sector we anticipate that Buhari will build on the privatisation momentum that was established under former President Goodluck Jonathan. The APC is likely to follow the national electric power policy issued in 2000 by the People's Democratic Party (PDP) which was in government at that time. This was premised on privatising and securing the financial viability of the sector as a way of improving power supply.
With regards to establishing a credibly reform agenda unbundling of state-owned assets and the launch of the Transitional Electricity Market (TEM) have proceeded in recent years. Nevertheless major structural problems and the absence of an integrated approach - that will need to encompass the gas sector electricity...
The Nigeria Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal gas oil nuclear hydro and non-hydro renewables) electricity consumption trade transmission and distribution losses and electricity generating capacity.
The Nigeria Power Report also analyses the impact of regulatory changes recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales market share investments projects partners and expansion strategies.
Key Benefits
* Use BMI's independent industry forecasts for Nigeria to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks Nigeria's power sector through our reviews of latest power industry trends regulatory changes and major deals projects and investments in Nigeria.
* Assess the activities strategy and market position of your competitors partners and clients via our Competitive Landscape analysis.
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering power markets regulatory changes major investments projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the power sector and within the broader political economic and business environment.
BMI’s Power Forecast Scenario
Forecasts to end-2024 for all key indicators supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
* Generation: Electricity generation total thermal coal natural gas oil nuclear hydropower hydro-electric pumped storage and non-hydropower renewables.
* Transmission and Distribution Losses: Electric power transmission and distribution losses.
* Trade: Total imports and exports.
* Electricity Consumption: Net consumption.
* Electricity Capacity: Capacity net conventional thermal nuclear hydropower and non-hydroelectric renewables.
BMI’s Power Risk Reward Index
BMI’s Risk Reward Indices provide investors (power companies service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors
Market Overview
Structure size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment sustainable energy policies pricing and the latest regulatory developments.
Key Projects Database
Details and analysis of all current and planned developments (new ventures capacity expansion and other investments) across the sector broken down by location sector type capacity value companies and operational status.
Competitive Landscape
Illustration of the power industry that exploits our data-rich in-depth analysis of the leading players in the sector and examination of operational results strategic goals market position and the potential for investment.
Power Outlook long-Term Forecasts
Regional long-term power forecasts covering electricity generation consumption and capacity for thermal hydroelectric and nuclear power. These are supported by a country specific overview alongside an analysis of key downside risks to the main forecasts.
Regional Overview
Providing BMI’s near-term economic outlook for the region as a whole as well as taking a close look at countries of particular interest and the latest trends and developments.
Sources
The Power Market Reports draw on an extensive network of primary sources such as multilateral organisations government departments industry associations chambers and company reports including Energy Information Administration (EIA) World Bank (WB) and United Nations (UN).
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