Revealed! Nigeria spends N26bn over power shortages yearly

  • To mitigate the impact of power disruptions, businesses invest more than $22 billion annually in off-grid fuel
  • It concluded that the availability of energy is one of the main challenges facing business operations in Nigeria and throughout Africa
  • The current national grid outage will be investigated, the House of Representatives declared

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Power outages cost Nigeria an estimated $26 billion annually.