x

Poor electricity costs Nigeria N10.1tn annually – World Bank

World Bank said unreliable power supply in Nigeria has caused a huge economic losses, estimated at N10.1tn annually.

The bank said, “Ensuring access to reliable electricity supply is important for poverty alleviation.

Poor electricity costs Nigeria N10tn yearly, says World Bank ⋆

With about 97 million people lacking access to grid electricity, the average annual per capita electricity consumption of Nigeria is 147 kW/h, which is a fifth of the average low middle-income country consumption.

Hot this week

Reps Committee to Compel CBN, NIRSAL, Banks, NBS Over Agricultural Intervention Probe

By Oladosu Adebola OluwaseunThe House of Representatives Ad-hoc...

Women Group Backs Senator Jarigbe with Vote of Confidence

By Joyce Remi-BabayejuA Cross River State based Women professionals...

Royal Father Calls for Unity in Nigerian Basketball as Stakeholders Seek Lasting Peace

Prominent basketball promoter and initiator of the Mark D...

Insecurity: Kogi Govt Orders Temporary Closure of Markets, Motor Parks

From Noah Ocheni, LokojaThe Kogi State Government has ordered...

Ododo Says Prof. Salisu Ogbo’s Achievements Earned Him VC Appointment

Kogi State Governor, Alhaji Ahmed Usman Ododo, has said...

Insecurity: Kogi Government Orders Temporary Closure of Markets, Motor Parks in Kogi West

The Kogi State Government has ordered the temporary closure...

China, Nigeria Celebrate 2026 Chinese New Year, 55 Years of Diplomatic Ties

The Chinese Embassy in Nigeria on Saturday hosted a...

Nigeria–Türkiye Engagement Strengthens Security, Economic Cooperation

By Francis WilfredThe Federal Government has reaffirmed the strategic...

Related Articles

Popular Categories

spot_imgspot_img