The President of the African Development Bank (AfDB), Akinwunmi Adesina, says Nigeria has the highest population of people living without electricity globally.
Adesina, made this known during the 90th birthday celebration of former Head of State, General Yakubu Gowon.
He said, “It has been estimated by the IMF that Nigeria loses about $29 billion annually or 5.6% of its GDP due to lack of reliable power supply. The report also indicates that Nigeria spends $14 billion per year on generators and fuel.
“The lack of electricity is killing Nigerian industries. Today, no business can survive in Nigeria without generators. Consequently, the abnormal has become normal.
“Nigeria has gas and crude oil in abundance, yet 86 million people live daily without electricity. Today, Nigeria is the number one country in the world in terms of the total number of people without electricity.”
