AfDB Says 70 Percent of Nigerian Firms Depend on Generators

The African Development Bank (AfDB) has reported that 70.7 percent of businesses in Nigeria rely on generators, a situation attributed to ongoing electricity shortages in the country. The report highlights that these power outages result in significant financial losses, costing firms approximately three percent of their annual sales. This information is part of the AfDB's 2026 African Economic Outlook report, which evaluates various aspects of fiscal policy across the continent.

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