The Nigerian power sector is facing a significant capital shortfall of around N2 trillion ($2.5 billion), necessitating the injection of new investments to revitalize an industry struggling to meet the electricity demands of its 200 million residents. Olu Verheijen, an energy adviser to President Bola Tinubu, highlighted the over-leveraged and under-capitalized state of power companies … Continue reading Nigeria’s Power Sector Requires $2.5 Billion in New Capital- FG