Power Sector Reform and Industrial Development in Nigeria: A Study of Transmission Company of Nigeria (TCN) Port Harcourt Region
Abstract
This study investigated the impact of power sector reforms on industrial development in Nigeria, with specific focus on the Transmission Company of Nigeria (TCN) power transmission operations in Rivers State. The study aimed to identify approaches adopted by TCN in enhancing power transmission to industries and analyze the impacts of TCN power transmission on industrial development. The research adopted a descriptive survey design, utilizing both primary and secondary data sources. From a population of 592 TCN employees, 239 questionnaires were administered using stratified random sampling technique, with 212 usable questionnaires retrieved representing 88.7% response rate from the Port Harcourt Regional Transmission Company. Data analysis utilized descriptive and inferential statistics through SPSS version 25.0. Key findings revealed that direct wheeling of power emerged as the most effective approach adopted by TCN (mean = 3.38), with transmission operations demonstrating significant positive impacts on industrial development, particularly in boosting Rivers State's IGR through industrial profits (mean = 3.05). An extremely strong correlation (r = 0.986) was established between TCN's impacts and industrial development. The study recommends strengthening direct wheeling capability of TCN and implementing climate-resilient infrastructure measures to optimize TCN's contribution to Rivers State's industrial development.
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