Nigeria’s unreliable electricity costs its economy $29 billion a year—solar power would save billions - Quartz

Nigeria’s unreliable electricity costs its economy $29 billion a year—solar power would save billions Quartz

Lengthy power cuts are pretty much a daily experience in Nigeria. The country’s epileptic power supply has been identified by businesses as the second biggest obstacle to doing business in the country, after a lack of access to finance. This unreliable power supply is a major hindrance to Nigeria’s economic growth. It also costs the country an enormous amount of money. Quoting Nigerian government data, the International Monetary Fund (IMF) says that a lack of access to reliable electricity costs Nigeria an estimated $29 billion a year. The situation comes with environmental and health risks...