BUSINESS
NIGERIA’S BLACKOUT PERSISTS DESPITE $3.6BN WORLD BANK LOANS — REPORT
Nigeria’s persistent electricity challenges have continued despite receiving about $3.6 billion in World Bank-supported loans aimed at improving the power sector, according to a recent report.
The report highlights that widespread blackouts remain a daily reality in many parts of the country, raising questions about the effectiveness of past investments and reforms in the energy sector.
In Nigeria, power generation and distribution have long been constrained by issues such as ageing infrastructure, transmission losses, gas supply shortages, and weak revenue collection systems.
The funding from the World Bank was intended to support grid expansion, improve electricity access, and strengthen sector efficiency.
However, the report suggests that progress has been slow, with many communities still experiencing prolonged outages and unreliable supply.
Energy analysts argue that structural challenges, including inefficiencies within distribution companies and policy inconsistencies, continue to undermine reforms in the sector.
Stakeholders are calling for stronger accountability, better project execution, and sustained investment to achieve stable and reliable electricity supply nationwide.
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