Nigeria power deficit constrains economic activity and livelihoods. Total installed capacity is 13 gigawatts(GW) but the transmission network only evacuates about 4 gigawatts(GW) on average due to crippling lines as a result of many years of under investment in both transmission and distribution interfaces and lack of integrated system planning. This is reflected infrequent outages with available electricity to households limited to an average of only 35.6 hours per week. Furthermore, inadequate electricity supply to industries adversely affects production and, in turn, creation of employment. Thus, national power access rate is estimated at 45% (36% rural and 55% urban). Nigeria electricity tariffs are not cost reflective and as such the power sector makes periodic losses. The market shortfall from the low tariffs is US $1.4 billion (in 2018 prices). The last revision to tariffs in September 2019 fixed US $0.067 per kWh for households and US $1.109 for business. There were plans for upward revision of tariffs on 1 April 2020,but these discussions have been suspended. Tariff adjustments are often met by strong consumer opposition due to erratic and poor service by distribution companies. It is estimated that Nigeria loses US $29 billion annually due to inadequate power supply. Nigeria has immense potential and capacity for a variety of energy resources. Solar irradiation ranges from 2200 kWh/M2 in the North to 1,750 kWh/M2 in the South while the wind gust ranges from 4 m/s to 6 m/s with the maximum observed in 60% of the land mass. The potential for hydroelectricity is also high, estimated at over 14.12 GW. Tapping into these resources requires massive investment. In response to Nigeria’s energy challenges, the government launched a Power Sector Recovery Programme (PSRP) 2017-2021, a comprehensive package of policies and financial interventions aimed at de-risking the energy sector, leveraging private sector investment and improving transparency and service delivery. The PSRP requires huge funding estimated at US$ 6.3billionto implement.

• Federal Ministry of Power
• Nigerian Electricity Regulatory Commission
• Transmission Company of Nigeria (TCN)
• Electricity Distribution Companies(DisCos)
• Nigerian Electricity Management Service Agency (NEMSA)
• Electricity Generation Companies (GenCos)
• Nigerian Bulk Electricity Trading Plc

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