Nigeria, often hailed as the “Giant of Africa” holds a reservoir of untapped potential and a plethora of opportunities captivating the interest of investors and visionaries worldwide.
As someone who has navigated the realm of financing large-scale infrastructure projects, I find myself drawn to view Nigeria’s prospects through a financial lens.Beyond Population and Mineral Wealth: The Power Sector’s Pivotal Role Prioritising the consistent and reliable supply of power to industries was the true catalyst for their growth.Drawing from my experience of financing large infrastructure projects, embarking on grid-based power initiatives in Nigeria involves navigating a complex web of challenges, financial limitations, infrastructural gaps, bureaucratic intricacies, and technical hurdles that converge to create significant obstacles.
The fact remains most Nigerian retail consumers presently are unable to afford the cost of power and in turn Nigeria is often unable to meet debt obligations linked to on-grid power projects funded in foreign currency.