Entrepreneurng.com
Sunday, April 19, 2026
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us
No Result
View All Result
Entrepreneurng.com
No Result
View All Result
Home News Business News

Nigeria’s power grid collapsed 46 times in six years – IEA

by Ikenna Ngere
January 25, 2024
in Business News, News
0
DisCos
498
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Nigeria’s national power grid collapsed 46 times from 2017 to 2023, a report by the International Energy Agency said on Wednesday.

According to the report, Nigerians endured more nationwide blackouts in 2023, especially on September 14 when the grid collapsed due to a fire on a major transmission line.

The IEA said Nigeria had grappled with recurrent power failures, totalling 46 grid collapses between 2017 and 2023.

It was said that Nigeria’s grid continued to face issues due to aged infrastructure and vandalism.

Deterioration of power infrastructure, it was learnt, increased dependency on backup generators for 40 per cent of electricity consumption in Nigeria.

“Although the country has a total installed capacity of about 13 GW, average available capacity remained around 4.5 GW in 2023 due to a combination of factors such as deteriorating units, poor maintenance and liquidity constraints.

Deterioration of power infrastructure, it was learnt, increased dependency on backup generators for 40 per cent of electricity consumption in Nigeria.

“Although the country has a total installed capacity of about 13 GW, average available capacity remained around 4.5 GW in 2023 due to a combination of factors such as deteriorating units, poor maintenance and liquidity constraints.

“Unreliable power supply due to limited grid infrastructure, underinvestment and ineffective regulatory frameworks have resulted in an estimated 40 per cent of all the electricity consumed in the country being produced from backup generators,” IEA declared.

It stated that natural gas accounted for around 75 per cent of electricity generated on the main grid in 2023 and would continue to play an important role in energy supply and grid stabilisation for Nigeria’s power sector until 2030, and decline by 2050, according to the country’s Energy Transition Plan.

“Renewables are also forecast to increase over the 2024-2026 period, at a compound annual growth rate of around eight per cent.

“Hydropower accounts for most of the renewables generation during 2024-2026, largely due to the completion of the Zungeru project, with an estimated generation of 2.6TWh per year.

“Solar PV is expected to grow rapidly, with an average rate of above 50 per cent per year over the next three years,” the report indicated.

SOURCE: PUNCHNG

Tags: IEANigeriaPower gridsix years
Share199Tweet125
Ikenna Ngere

Ikenna Ngere

  • Trending
  • Comments
  • Latest
Prince Faisal bin Salman Al Saud

Saudi Arabia: Top 10 Richest Princes and Princesses of the Royal Family

January 4, 2025
2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

January 4, 2025
Applications Open: Nehemiah Davis' Greatness Grant 2025 (Up to $2,500 Available)

Applications Open: Nehemiah Davis’ Greatness Grant 2025 (Up to $2,500 Available)

February 23, 2025
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

19
THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

3
RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

2
Solar Power Sparks Economic Revival in Nigeria

Solar Power Sparks Economic Revival in Nigeria

April 17, 2026
Kitchen Waste Turns to Garden Gold

Kitchen Waste Turns to Garden Gold

April 17, 2026

Kasyno online jakie metody patnoci s dostpne.1550 (2)

April 15, 2026
Entrepreneurng.com

Copyright © 2025

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us

Copyright © 2025