Nigeria’s fragile electricity supply is costing the economy as much as N10 trillion every year, the Centre for the Promotion of Private Enterprise (CPPE) has warned, raising fresh concerns over the country’s structural exposure to energy-driven inflation.
Economists and policy analysts are sharply divided over the real benefits of the £746 million (about $991 million) export finance guarantee extended by the United Kingdom to Nigeria for the rehabilitation of key port infrastructure in Lagos.
Nigeria’s fragile electricity supply is costing the economy as much as N10 trillion every year, the Centre for the Promotion of Private Enterprise (CPPE) has warned, raising fresh concerns over the country’s structural exposure to energy-driven inflation.