Nigeria’s public policy thrusts over the years towards the socio-economic and political growth, development and sustainability of the system is largely bereft with abject lack of direction and vision. Hence, this research attempts a plethora of Privatization and National Development vis-à-vis Nigeria’s power sector reform. The thesis argues that social responsibility is an integral aspect of good governance and must be so guided with caution in the management of the affairs of Nigeria’s public space in relations to the welfare of the people at large. The submission of this research is that the present administration’s bid to restructure the power sector does not seem to have the required answer to incessant power outage in Nigeria. Hence, the nuclear energy option remains the available mechanism for effective and efficient power supply in Nigeria. The research sums up with conclusion and policy recommendations for improved performance of the already comatose power sector in Nigeria’s Fourth Republic and beyond.