A Comprehensive Review of the Impact of Perceived Power Sector Instability on Foreign Partnerships in the Nigerian Construction Industry

¹Nnadi Ezekiel. O. Ejiofor, ²Justice Okechukwu and ³Nnadi .N. Helen

¹Department of Civil Engineering, Kampala International University, Uganda.

²Department Quantity Surveying, Gregory University Uturu, Nigeria.

³The Builders Academy, Pocket Layout, Enugu, Nigeria.

Corresponding author: nnadiezekiel@kiu.ac.ug

ABSTRACT

The study explores the impact of perceived instability in Nigeria’s power sector on the construction industry. The emerging economy has seen significant growth, attracting foreign investments for infrastructural development. However, persistent challenges and perceived instability raise concerns about reliability and sustainability. Key factors include power outages frequency, power supply adequacy, and regulatory responsiveness. The study also examines the correlation between power sector stability and investment climate, considering factors like project delays, cost overruns, and financing impacts. The findings aim to contribute to a better understanding of the dynamics between perceived power sector instability and foreign investments in the construction industry and propose policy recommendations to foster a more sustainable and resilient investment environment.

Keywords: Power Sector, perceived power Instability, Foreign Investment, Construction Industry, Infrastructure Development, Regulatory Framework.

CITE AS: Nnadi Ezekiel. O. Ejiofor, Justice Okechukwu and Nnadi .N. Helen (2024). A Comprehensive Review of the Impact of Perceived Power Sector Instability on Foreign Partnerships in the Nigerian Construction Industry. IAA Journal of Applied Sciences 11(2):1-8.                                                                      https://doi.org/10.59298/IAAJAS/2024/112.18.2