Article

Nigeria's electricity system is experiencing ongoing outages, with 58% of hydropower projects funded by public resources either stalled or abandoned. Tracka's report highlights that of 16 monitored dam projects across 13 states, 25% are abandoned, and 37.5% have not started, despite N432 million in disbursements.

The national grid collapsed 12 times in 2024, leading to an annual estimated loss of $29 billion. Chronic underinvestment in energy infrastructure has forced manufacturers to spend significantly on alternative energy sources. As of 2024, the federal government owes N4 trillion to power generation companies, exacerbating the crisis.