Electricity Act: Power Reforms To Reverse $29bn GDP Loss From Energy Shortages – UNDP

The United Nations Development Programme (UNDP) has said that progress recorded by the implementation of the 2023 Electricity Act, is capable of reversing Nigeria’s energy-related constraints. This is estimated to cost Nigeria between five per cent and seven per cent of its Gross Domestic Product (GDP), amounting to approximately US$25–29 billion annually. Beyond these figures, [...]

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