APPLICATION OF STRATEGIC MANAGEMENT PRINCIPLES FOR SUSTAINABLE ELECTRICITY SUPPLY IN NIGERIA
Keywords:
Strategic Management, Sustainable Electricity, Stakeholder Collaboration, Policy Frameworks, Renewable Energy IntegrationAbstract
This paper explores the application of strategic management principles to address Nigeria's persistent electricity supply challenges. Despite its abundant energy resources, Nigeria continues to grapple with inefficiencies in power generation, transmission, and distribution. Through a mixed-methods approach, this study evaluates the role of strategic planning, stakeholder collaboration, and policy frameworks in achieving sustainable electricity supply. Findings indicate that over 60% of sector challenges stem from poor implementation of strategic initiatives and lack of stakeholder alignment. Strategic frameworks, including public-private partnerships and renewable energy integration, are proposed to enhance efficiency and sustainability. Recommendations emphasize the need for regulatory stability, technological innovation, and robust stakeholder engagement.
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