Nigeria has been one of the shining stars in the African economy over the last decade. And has significant potential for sustainable growth. But one area which needs immediate attention and investment is the power sector, where the low availability of power is currently a major obstacle.
- Accelerating growth in power generation capacity and improving utilisation
- Expanding the power transmission network and driving better efficiencies
- Establishing and scaling up efficient power distribution capabilities
According to the report, executing these will require the alignment and collaboration within the entire ecosystem, including the Nigerian government, regulator and the industry. This is also expected to create significant opportunities for companies across the power value chain to bring their global skills and expertise to participate in the journey of powering Nigeria’s long term growth.
“Overall, Nigeria has the potential to once again emerge as a shining star, not only within Africa, but in the global economy as well. Enhancing the availability of power over the next decade, based on robust generation, transmission and distribution capabilities, will help create a strong foundation towards unlocking this potential and powering Nigeria for the future,” says the report.
