The Rule Of Law Approach To Regulating Electricity Supply In Nigeria

Abstract

With the transfer of government shares in 17 electricity generation and
distribution companies in November 2013, Nigeria crossed the Rubicon in
the privatization process. This process began in earnest in 2003 with the
liberalization of the telecom sector as part of a strategic reform to improve
efficiency in these utility sectors. So far, privatization has not improved the
quality of service in these sectors. The problem has been traced to the failure
of regulation. The major problem is that the regulatory regime had not matured
before privatization. This immaturity manifests mostly in the failure to protect
consumer interests. This article reviews regulatory deficits post-privatization.
It assesses potential conflict between principles of market orthodoxy and
those of constitutional governance and argues for a rule-of-law approach to
regulation post-privatization that is focused on blending of promotion of
market efficiency and protection of fundamental rights.