Impact Of Power Outage To Small And Medium Enterprise In Nigeria

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF THE STUDY         Electricity is a significant component of virtually any production process. As such, limited supply has the potential to, directly and/or indirectly, affect the economic activities of firms. In documenting such a crucial economic role of energy, a common approach in the literature is to measure the output loss associated with electricity outages (Uchendu, 1993). One of the analytical frameworks used is a production function in which electricity contributes directly to firms’ output as a separate input, and indirectly as a de…