The need to restructure the existing order in the Nigerian power sector is very critical to this research. The import of the thesis therefore is to proffer solutions to the increasing level of Nigeria’s incessant power failure. The researcher therefore proposes the following policy recommendations as a way of salvaging the ailing power sector in Nigeria as follows:
1) Enhancing adequate privatization policy in Nigeria requires the use of the instrument of public participation. This will guarantee adequate representation and democratization of the entire process thereby giving it a human face.
2) Institutionalizing good management culture and practices in Nigeria’s privatization process. This will enhance conformity and sustainability of exiting equipment for adequate power supply.
3) Adopting viable economic development strategies that are consistent with African values and principles instead of importing alien cultures to Nigeria which is why adjustment policies do not work effectively.
4) Enhancement of the principles of peer-review mechanism on the power sector through routine checks by officials of the Independent Corrupt Practices Commission and bring perpetrators of corruption to justice.
5) Adoption of necessary options order than over-reliance on government for provision and distribution of power supply in Nigeria. In this case the researcher is of the view that the use of independent power source, including, hydropower stations, nuclear reactor, geothermal as well as oil and gas sources could help solve the prevailing pressures on the already tensed Kainji and Shiroro dams.
6) The use of nuclear energy option as a way of generating power in Nigeria is also important. Although extra care should be taken to ensure that the environment, atmosphere, land flora and faunas as well as water ways are not damaged through harmful emission of gaseous substances and radio-active materials as well as used fuel.
7) Above all, the on-going power sector probe by the Yar’Adua administration should exercise decorum, political will, commitment, justice, equity and transparency in the investigation process. All manner of window-dressing, solidarity, godfatherism and sentiments should be divorced from the exercise. While at the same time, bringing respective culprits who have tampered with power funds to justice, their socio-economic status in the society notwithstanding. The above policy guidelines if adequately followed will no doubt restore sanity, probity and accountability in Nigeria’s bid towards becoming the 20th largest economy in the world come year 2020.