ABSTRACT

Energy is the mainstay of economical status for many developed nations. The technological operations and industrial processes that are principal components to national development are basically energy dependent. The chains for executing numerous development roles in the duo sectors begin with extraction of primary energy, which is later converted into an energy carrier for various end uses. Thus, energy is vital to all aspects of modern life and indeed the lifeline of industrial production, fuel for transportation, and of electricity generation in thermal power plants (Sambo 2005). In recognition of energy’s essentiality, provision of an adequate and affordable supply to the African populace is included in the United Nation’s Millennium Developmental Goals (MDGs), in addition to portable water supply, food, health care provisions, shelter, and so on (Ibitoye 2013).