What do you believe is the single most important factor driving up the cost of living in Nigeria?

Themed ‘Breaking Barriers in the New Energy Era: Clean, Reliable and Sustainable’, participants at the conference would examine the dynamic transformation being undergone by Nigeria’s electricity sector.

The organisers of the summit noted in a statement that they hope to implement key reforms such as the Electricity Act 2023, with a focus on renewables and updated tariff structures.

According to them, these reforms are aimed at improving efficiency, attracting investment, and paving the way for a sustainable future. However, they acknowledged that significant hurdles remain.

Operational issues like gas shortages, energy theft, non-payment of bills, and inadequate maintenance continue to hamper power stability across West Africa, they added.

“These interconnected challenges demand a comprehensive approach. Bilateral and multilateral financing will play a crucial role in unlocking needed investments and propelling power projects forward.

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