Nigerian businesses and households spend a whopping $22 billion (about N9.053 trillion) annually to fuel their generators powering offices and homes as the country battles an embarrassing nationwide power shortage with no end in sight, according to a recent report.
This was contained in a report on ‘Investment Climate and Exceptions to National Treatment’ launched by the Energy Commission of Nigeria (ECN) recently in Abuja.
The report also revealed that Nigeria is the largest African importer of diesel generators and back-up diesel generation at a national average of 5.6 persons per household, with 20.34 million households connected to the national grid while 13.63 million households have no access power at all…
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