Resumen
Nigeria energy situation is worrisome especially having considered the obvious fact that so much funds have been injected into the sector with no appreciable result. Many Nigerian viewed the sector as a national embarrassment. Since return to democracy in 1999, staggering allocations have been earmarked to give the power sector a face lift, but all to no avail. Economic activities cannot thrive well with the prevailing energy situation in Nigeria. Energy access, availability and affordability are critical and inextricably linked to economic activities. The government had in the past introduced a number of laws and reforms to address the plethora of issues that plague the power generation, transmission, and distribution industries. The government utilized a variety of initiatives, including supporting private sector engagement, diversifying energy generation sources, and boosting energy efficiency for long-term development. All of which have yielded extremely minimal result. In this study, questions about the problems militating against the energy sector in Nigeria shall be answered and modern solutions proffered. We suggest the smart grid as well as the prosumer system as a way out of the present energy logjam in Nigeria. The challenges associated with implementation will also be discussed.