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Electricity sector: Nigeria seeks 15 billion dollars in private investments

31/01/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Dans le but de relaunch its struggling electricity sector, Nigeria is looking for 15 billion dollars in private investments. The country wants to combine higher electricity rates with targeted subsidies for vulnerable households.

Des responsables ont présenté lors d' un sommet sur l' énergie organisé par la World Bank in Tanzania, plans to provide 50 kilowatt hours of subsidized electricity per household each month, while filling the $23 billion financing gap in the sector. The government aims to double the number of households connected to the grid every year and to increase the share of renewable energies from 22% to 50% within five years

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While full-cost rates are expected by 2027, subsidies will be maintained for low-income households. With 86 million Nigerians lacking access to electricity, expanding the grid is critical. Nigeria's plan aligns with broader energy trends in Africa, where countries are increasingly seeking private capital to fill infrastructure gaps

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