ELECTRICITY OUTAGES AND MICRO-ENTERPRISE PERFORMANCE IN SELECTED SEMI-URBAN AREAS IN LAGOS AND OGUN STATES NIGERIA
Abstract
This study examined the impact of electricity outages on the performance of micro enterprise firms in selected semi-urban centres of Lagos and Ogun states, Nigeria. Survey data using purposive sampling was analysed with descriptive statistics. These micro enterprises experience electricity power outages frequently and its lasts for at least 5 hours per day and costs N10,000 – N50,000 to get an alternative source of electricity supply. Furthermore, these firms spend between of N5,000 and N10,000 for maintenance of the alternative source of electricity per month which in turn reduces their profit. This impacts on the performance of these firms as their income and activities decrease. It is recommended that government should invest more in the electricity sector and also plan for a means by which the tariffs on electricity can be more correctly determined to reflect the willingness to pay of the micro-enterprises’ operators.
Keywords
Power Outages Micro-firm productivity Semi-urban location Purposive sampling South west Nigeria
References
- Refence1 Professor Adeola F. Adenikinju, Department of Economics, University of Ibadan, Ibadan, Nigeria.
- Referenc2 Professor G.O Akpokodje, Director, Surveillance and Forecasting Department, Nigerian Institute of Economic And Social Research, Ibadan, Oyo state. Nigeria.
ELECTRICITY OUTAGES AND MICRO-ENTERPRISE PERFORMANCE IN SELECTED SEMI-URBAN AREAS IN LAGOS AND OGUN STATES NIGERIA
Abstract
This study examined the impact of electricity outages on the performance of micro enterprise firms in selected semi-urban centres of Lagos and Ogun states, Nigeria. Survey data using purposive sampling was analysed with descriptive statistics. These micro enterprises experience electricity power outages frequently and its lasts for at least 5 hours per day and costs N10,000 – N50,000 to get an alternative source of electricity supply. Furthermore, these firms spend between of N5,000 and N10,000 for maintenance of the alternative source of electricity per month which in turn reduces their profit. This impacts on the performance of these firms as their income and activities decrease. It is recommended that government should invest more in the electricity sector and also plan for a means by which the tariffs on electricity can be more correctly determined to reflect the willingness to pay of the micro-enterprises’ operators.
References
- Refence1 Professor Adeola F. Adenikinju, Department of Economics, University of Ibadan, Ibadan, Nigeria.
- Referenc2 Professor G.O Akpokodje, Director, Surveillance and Forecasting Department, Nigerian Institute of Economic And Social Research, Ibadan, Oyo state. Nigeria.
Details
| Primary Language | English |
|---|---|
| Subjects | Economics |
| Journal Section | Articles |
| Authors | |
| Early Pub Date | June 15, 2021 |
| Publication Date | June 30, 2021 |
| Published in Issue | Year 2021 Volume: 6 Issue: 1 |