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Economic Impact of the Use of Generators As A Main Power Source in the Domestic Sector: Challenges and Prospects for the Energy Road Map

Wara, S.T. and Nuga, O.O and Akinola, I.A. (2012) Economic Impact of the Use of Generators As A Main Power Source in the Domestic Sector: Challenges and Prospects for the Energy Road Map. In: Invited Technical paper, NSE Abeokuta, 12, April 2012, Abeokuta Ogun State.

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Abstract

A case study has been developed to show the financial/ economic losses possibly existing in the domestic sector as a result of the use of petrol/ diesel generators. In this study Nigeria's population has been exclusively put at 160 million(people , with a family size of six per family. Also an assumption was made that at least each family own a SOOVA generator popularly known as "I better pass my neighbourIBEMN"- the cost purchase, running and maintenance arehypothetically assumed and a computation to determine the annual cost borne by the families was asu~rt·ainecl. The study revealed that each family spends a minimum of N196,000p.a. for running the generator for at leost 18 hours per day. The total realizable investment to provide alternative electricity supply is put at N.'J.4 trillionp.a I '• If this simplistic analysis is. favourable received, then the financial challenge in the road_ map may be dealt with by 'harvesting' funds from the domestic sector. If this is true, then prospect of our new energy road map is bright and similar consideration in the domestic, industrial, education, health, entertainment, banking, telecommunication sectors will also yield some considerable financial resources that if well invested in the power/ electricity sector will result in stability, security, sustainability and a guaranteed future. Informed actions/ decisions will be the political will to ban the use of generators and other energy inefficient gadgets (incandescent lamps, irons, fridges, freezers, air-conditioners etc.) ban the importation of junked gadgets and promote the use of energy efficient gadgets

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > T Technology (General)
T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions: Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 08 May 2015 09:22
Last Modified: 08 May 2015 09:22
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/5176

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