Nigeria Highest Among Electricity Deficient Countries-World Bank

4 years ago
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Nigeria had the largest number of people without access to electricity in the world, the World Bank has said.
It also said  every one in 10 people without access to electricity now reside in Nigeria.
The bank,in the Power Sector Recovery Programme fact sheet which was presented during the World Bank virtual dialogue with energy reporters on Wednesday, disclosed that businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity.
Ashish Khanna, the bank’s Practice Manager, West and Central Africa Energy, Ashish Khanna,presented the document to reporters.
Khanna said, “Businesses in Nigeria lose about $29bn annually because of unreliable electricity. Nigerian utilities get paid for only a half of electricity they receive.For every N10 worth of electricity received by Discos (distribution companies), about N2.60 is lost in poor distribution infrastructure and through power theft and another N3.40 is not being paid for by customers.
“Six in 10 of registered customers are not metered, and their electricity bills are not transparent and clear. This contributes to resistance to pay electricity bills.”
The   bank said only 51 per cent of installed capacity was available for generation, as an average Nigerian consumed four times less energy than her counterpart in a typical lower middle-income country.
It  said that every Nigerian paid less for electricity than what it costs to supply electricity to them,adding that the government for years was paying the difference because the government wanted to help poor Nigerian families to pay their bills.
“But richer families use more electricity; so a big chunk of government support ends up going to those who do not really need help with paying bills,” it stated.
It disclosed that between June 2020 and February 2021, the World Bank Board approved $1.25bn financing to support the government in its efforts to reset the power sector.
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