€2.3bn Power Project Falls Short
Nigeria’s €2.3bn Presidential Power Initiative aimed at 25,000MW by 2025 delivered under 7,000MW due to weak transmission, distribution gaps, gas shortages, and commercial losses.
Experts warn the shortfall raises costs, limits industrialisation, and deters investment. The government plans the Grid Assets Management Company (GAMCO) to unlock stranded power and stabilize the grid, though overlaps with existing projects could pose challenges.
