Unraveling Nigeria's Power Grid Crisis: Causes, Consequences, and Potential Solutions
Nigeria's national power grid frequently collapses, causing significant economic losses. Aging infrastructure and vandalism exacerbate the situation. Despite vast gas reserves, Nigeria underutilizes its capacity. The government and states are exploring decentralized power initiatives to mitigate the issues.
Nigeria's national power grid is constantly prone to collapses, creating substantial power shortages and hindering economic growth and investment in Africa's most populous country.
According to the World Bank, Nigeria loses an estimated $29 billion annually due to its unstable power supply, which leads to widespread blackouts.
The root cause lies in Nigeria's aging infrastructure, with transmission lines and substations suffering frequent failures, compounded by vandalism and inadequate capacity utilization.
(With inputs from agencies.)
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