Nigeria is Africa’s largest economy, but also has one of the widest energy gaps in the world. With a quickly growing population, Nigeria urgently needs to improve its power sector. The country’s current installed capacity is reported at 12,500 megawatts, but in practice, only about 3,800 megawatts gets evacuated.
The government’s aim to boost electricity access from 45% today to 90% by 2030 will drive even more demand. The government privatized part of the power sector in 2013 hoping to promote efficiency, attract private investment, and increase generation, but this has yet to deliver results.
The Energy for Growth Hub, in partnership with Centre for the Study of the Economies of Africa (CSEA) and Nextier Power convened a one-day workshop to discuss some of the power sector’s needs and present to key stakeholders in the power sector, policies that would be essential in resolving the sector’s challenges and restoring financial viability in the value chain.
The workshop focused on three priorities: solving barriers in the gas-to-power value chain, an active plan for renewable energy integration, and energy theft under the theme The Electricity Landscape in Nigeria: Challenges and Policy Bottlenecks
The workshop held on Tuesday, May 21, 2019, at The Wells Carlton Hotel Asokoro, Abuja, Nigeria.
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