November 3, 2021/Coronation Research

Power shortages remain a prominent infrastructure gap in Nigeria. For businesses located in Nigeria, self-generation places pressure on operating expenses. Household wallets are also significantly affected by the same expense.

The availability of power is a catalyst to boosting levels of industrial activity for economic development. The FGN estimates national energy demand at c.28,000 megawatts (MW). Therefore, improving power sector performance, particularly in manufacturing and services will be central to unlocking economic growth post COVID-19. 

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