Nigeria's Electricity Generation Stagnates Despite $3.23 Billion in Loans

Nigeria's electricity generation remains stagnant at an average of 4,500 megawatts despite receiving over $3.23 billion in loans from international financial institutions in the past four years. The country continues to rely on this power output as it struggles to meet increasing energy demands.

Nigeria's electricity generation has plateaued at an average of 4,500 megawatts despite securing loans totaling over $3.23 billion in the past four years from international financial sources. The country's power output remains a persistent challenge, with the loan funds intended to support infrastructure development and improve energy efficiency. Despite the investment, Nigeria's electricity generation has failed to show significant growth, leaving the nation's reliance on imported fuel a pressing concern. The stagnation in power production underscores the ongoing struggle to address Nigeria's long-standing energy crisis.