• Nigerians spend N3.5trn generating their own electricity yearly – Onanuga

    Nigerians spend N3.5trn generating their own electricity yearly – Onanuga

    Due to irregular supply of public electricity, about N3.5 trillion ($21.9 billion) is spent yearly by businesses, families and others in Nigeria to buy fuel for power generation.

    Disclosing this yesterday at the ongoing 2016 Huawei Connect conference in Shanghai, China, the Business Leader (Distribution), Sahara Group, the firm with majority stakes in Ikeja Electricity Distribution Company, Rotimi Onanuga, said that in addition to the challenge, “the power infrastructure in Nigeria is aging.”

    Onanuga lamented that despite the rich energy reserves, the […]