Power Generation Stagnates Despite $3.23 Billion Loans
Nigeria’s power generation remains stagnant at 4,500MW, despite securing over $3.23 billion in loans within four years. Institutions like the World Bank, African Development Bank, and Japan International Cooperation Agency have funded several power projects. However, the country continues to grapple with frequent blackouts and unreliable electricity supply. Challenges Hampering Power Generation Growth Nigeria’s power…