debt/GDP Domestic 31.3 32.2 36.6 26.1 28.6 25.3 20.8 18.6 19.2 15.23 12.85 -2.1 6.9 0.5 - -2.3 5.2 10.5 12.7 1.4 8.02 9.12 22.2 15 17.9 8.2 5.9 11.6 11.5 12.1 127.4 139.27 142.89 152.0 9.5 9.75 6.0 6.25 debt/GDP Overall BOP/GDP 10.3 Inflation rate 7.5 6.9 18.9 12.9 (%) Average 7.9 101.7 111.9 121 127.8 132.8 132.9 128.5 Official exchange rate (Naira/US$) MPR 10.0 Sources: i) CBN Annual Reports and Statement of Accounts ii) CBN Statistical Bulletin iii) National Bureau of Statistics (NBS) Power Sector Reforms 4.1.3 The Power Sector reform which started in 2005 with the 2005 Electric Power Sector Reform Act (EPSRA) aims at increasing efficiency in power generation, transmission and distribution. Upon assumption of office, the present Administration launched a Road map for Power Sector Reform which aims at providing ways and means by which Nigeria intends to achieve generation of 40,000 Megawatts of electricity within one decade. 4.1.4 It is expected that by the end of the first quarter of 2012, the Federal Government must have completed transferring its equity in 17 out of the 18 PHCN successor companies to core investors, PHCN workers and relevant state governments. A critical step in this direction was the convening of Electric Power Transaction and Industry Conference on 28th and 29th November 2011 to review the progress so far made in the reform process. 36