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High Fuel Cost in Nigeria: Can That Force People and Businesses to Switch to Alternative Sources of Energy

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High Fuel Cost in Nigeria: Can That Force People and Businesses to Switch to Alternative Sources of Energy

(3 Minutes Read)

With less than 8,000 megawatts of capacity and an average supply of less than 4,000 megawatts, power outages are an everyday occurrence in Nigeria

With long-running petroleum subsidies now removed, many households, schools, hospitals, and businesses struggle in Nigeria with the cost of fuel for their backup generators. Many schools and colleges have stopped using generators because of the huge cost of fuel.

The problem is not just the lack of electricity for computer-aided learning, proper lighting, and fans to make classes less stuffy for pupils and teachers. It’s also that students are unable to complete their school assignments at home.

With less than 8,000 megawatts of capacity and an average supply of less than 4,000 megawatts, power outages are an everyday occurrence in Nigeria. For more energy-hungry small businesses, like restaurants, they either close shop or continue with alternative power generation, incurring high costs in the process.

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In a country with abundant sunshine, many are looking to solar energy to help fill the gaps. But getting risk-averse investors to finance major solar projects that would give Nigeria enough reliable energy is an uphill struggle. That means millions in the country are finding ways to adapt to life with little to no electricity.