Nigeria loses $26bn annually to power failure - World Bank

Nigeria loses $26bn annually to power failure – World Bank

Nigeria spent N1.03 trillion on subsidies in 2021, according to data from the Nigerian National Petroleum Corporation (NNPC).

Electricity power failure in Nigeria is taking a huge toll on the country’s economy as an estimated $26.2 billion or N10.1 trillion losses is incurred annually, according to the World Bank. The World Bank which made this known in a statement on Friday, February 5, announced that it has approved

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