Nigeria’s power sector is at a critical juncture, marked by a convergence of contradictions and transformations. As Africa’s largest economy and most populous nation, the health of its electricity sector directly impacts national economic growth, industrialization, and living standards. Despite the government’s recent introduction of multiple reform measures, the sector, looking into 2025, continues to grapple with the dual pressures of long-term structural challenges and macroeconomic volatility. I. Current Sector Status: Seeking Breakthroughs Amidst Challenges 1. Severe Supply-Demand Imbalance and Inefficiency Nigeria’s per capita electricity consumption remains remarkably low, far below the global average. Although gas-fired power accounts for over two-thirds of total generation, the actual power delivered to end-users […]
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