Electricity access in Nigeria improved from 40.8 per cent in 2010 to 59.3 per cent in 2016, according to the World Bank in its “Year in Review: 2018 in 14 Charts,” released recently. This is despite the epileptic supply consumers have often faced.
The Bretton Woods institution, says access to power in the country has improved at an annual rate of 1.88 per cent in the period, which it considered low when compared to peers. For instance, neighbouring Ghana has an annual access rate of 2.38 percent from 65 percent in 2010 to 79.3 in 2016.
However, a November 2018 update on electricity access by USAID Africa Power Project, says access rate was 45 per cent (Rural: 36% Urban: 55%), indicating access rate has fallen by 14 per cent in the last two years. Nigeria, the largest economy in sub-Saharan Africa, has had constrained growth due to limitations in the power supply despite being endowed with large oil, gas, hydro and solar resources.