In a strong reaffirmation of the Nigerian government’s industrial growth strategy, the Minister of Information and National Orientation, Mohammed Idris, emphasized that consistent and affordable electricity supply is fundamental to achieving President Bola Ahmed Tinubu’s industrialisation agenda. Speaking during the 6th Ministerial Briefing held in Abuja, the minister laid out the government’s stance on prioritizing […]
Nigeria’s Electricity Crisis: Causes and Economic Impact Nigeria’s power sector faces persistent challenges, including insufficient electricity generation, aging infrastructure, and poor maintenance. These factors contribute to frequent nationwide blackouts, severely impacting economic activities. According to the Africa Trade Barometer, the country’s power interruptions cost the economy approximately $26 billion annually, with businesses spending over $22 […]
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2024 marked another challenging year for Nigeria’s power sector, plagued by N2.7 trillion GenCos debt, grid collapses, and unmet electricity supply targets. Learn more about the ongoing hurdles and what experts are saying. An Overview of Nigeria’s Power Sector in 2024 2024 marked 11 years since Nigeria partially privatized its power sector, a move initially […]
