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Nigeria businesses lose $29bn annually to poor electricity – World Bank


Punch Newspapers
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Okechukwu Nnodim, Abuja
Published 4:21 am
The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity.
It also observed that Nigeria had the largest number of people without access to electricity in the world, as every one in 10 people without access to electricity now reside in Nigeria.
The bank’s positions were contained in the Power Sector Recovery Programme fact sheet which was presented during the World Bank virtual dialogue with energy reporters on Wednesday.
The presentation was done by the bank’s Practice Manager, West and Central Africa Energy, Ashish Khanna. It said, “Businesses in Nigeria lose about $29bn annually because of unreliable electricity. Nigerian utilities get paid for only a half of electricity they receive. ....

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Breaking News | Breaking News Nigeria businesses lose $29bn annually to poor electricity – World Bank


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The World Bank on Wednesday, 21 April, said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity.
It also observed that Nigeria had the largest number of people without access to electricity in the world, as every one in 10 people without access to electricity now reside in Nigeria.
The bank’s positions were contained in the Power Sector Recovery Programme fact sheet which was presented during the World Bank virtual dialogue with energy reporters on Wednesday.
The presentation was done by the bank’s practice manager, West and Central Africa Energy, Ashish Khanna. It said, “Businesses in Nigeria lose about $29bn annually because of unreliable electricity. Nigerian utilities get paid for only half of the electricity they receive. ....

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World Bank: We aided Nigeria's power sector with $1.25bn


Vanguard News
World Bank: We aided Nigeria’s power sector with $1.25bn
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By Chris Ochayi, ABUJA
The World Bank said it has aided the country’s power sector with the sum of $1.25 billion within two years.
This was disclosed during the presentation of the Power Sector Recovery Programme factsheet during the World Bank’s virtual meeting with journalists.
The World Bank’s Practice Manager, West and Central Africa Energy, Ashish Khanna said the country’s power sector has not kept up with demand or provides reliable supply to existing customers.
Ashish Khanna, also disclosed that businesses in Nigeria lose about $29bn annually because of unreliable electricity. ....

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