Nigeria power expenditure shows money alone won’t solve electricity problem
The amounts mentioned here do not include N1.5 trillion lent by the Central Bank of Nigeria (CBN) to GenCos and DisCos as well as recurrent budgets over the years.
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Is lack of context-sensitive energy strategy hampering Nigeria’s electricity systems?
Despite the government’s efforts to create and enhance the legal framework for the energy sector, the laws need further revisions. Contradictions within the legal framework do not create an attractive environment for investors, and the laws do not entail production and innovation capability development by focusing on green transformation to attract direct investments in local firms and organisations.
