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Economic Implication of Power Outage in Nigeria: An Industrial Review

Airoboman, A.E and Amaize, Peter and Ibhaze, Augustus E. and Ayo, Olayinka (2016) Economic Implication of Power Outage in Nigeria: An Industrial Review. International Journal of Applied Engineering Research, 11 (7). pp. 4930-4933. ISSN 0973-4562

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Abstract

This work shows how poor power supply to industrial consumers has contributes to the increase of prices of consumer goods and services in Nigeria thereby affecting the standard of living and thus placing the average citizenry of the present day Nigeria in a pitiable condition. For the purpose of this research, relevant data was collated from various operators for a period of twelve months, the data was analyzed sequentially using spread sheet analysis and results were obtained. From the data it was established that the total monthly cost of generating power from the industry in question is ₦45,811,859, Further results shows that if the power generated by the appropriate power utility is used, there will be a 30% reduction in the cost of generating power thus leading to a corresponding reduction in the prices of goods by the industry. The paper has therefore shown that increase in the cost of power generated often lead to a corresponding increase in the prices of goods and services

Item Type: Article
Uncontrolled Keywords: Generators, Maintenance, Kilowatt Hour, Power Supply, fuelling.
Subjects: T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions: Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 12 Jan 2018 09:22
Last Modified: 12 Jan 2018 09:22
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/9983

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