Nigeria has taken the lead of top countries in the world with highest number of citizen that lack access to electricity overtaken Democratic Republic of Congo
This was made known by World Bank Group Practice Manager, West and Central Africa Energy, Ashish Khanna while in a virtual engagement with power reporters in Abuja on the Power Sector Recovery Programme (PSRP), said 25 percent of Nigerian population lack access to electricity
“Nigeria now has the largest number of unelectrified people globally and the trend is worsening; of the electrified, the supply is very unreliable with widespread blackouts.
“Nigeria now has 25% more unelectrified people than the 2nd most unelectrified country (DRC – in absolute terms).”
Khana also added that:
“The power sector is operationally inefficient with unreliable supply exacerbated by high losses and lack of payment discipline.
“Businesses in Nigeria lose about $29 billion annually because of unreliable electricity while Nigerian utilities get paid for only a half of electricity they receive.”
Meanwhile the international financial agency’s officials revealed that while electrification in the country has been growing at 1.1% yearly since 2010, it has not kept pace with the population growth of 3% yearly. This has increased the deficit by 3 million people to 85m which is 57% of the population.