Economic Impact of the Use of Generators As A Main Power Source in the Domestic Sector: Challenges and Prospects for the Energy Road Map
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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
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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
Keywords
T Technology (General), TK Electrical engineering. Electronics Nuclear engineering