National Economy
Wednesday, August 20, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Economy Nigerian Economy

Adequate Power Supply As Sin Qua Non To Economic Growth

by Cee Harmon
2 years ago
in Nigerian Economy
Reading Time: 2 mins read
Energy-supply
Share on FacebookShare on TwitterShare on Telegram

In the heart of Nigeria’s ambitions and aspirations for economic prosperity beats a crucial lifeline: the dire need for a substantial and reliable electricity supply. Like the pulsing current that powers a nation’s progress, electricity stands as the linchpin for development, illuminating the path to a brighter future.

The current state of Nigeria’s electricity supply is marred by a pervasive darkness that hampers growth and stifles potential. Frequent power outages, inadequate generation capacity, and an ailing infrastructure collectively conspire to cast shadows over the nation’s economic landscape. The consequences are far-reaching, affecting industries, businesses, and the daily lives of millions of Nigerians.

Industries, the lifeblood of a thriving economy, find themselves crippled by the unpredictability of power supply. Productivity wanes as machines grind to a halt during power cuts, and the specter of interrupted operations looms over businesses. The cost of running generators as a makeshift solution becomes a burdensome weight on enterprises, eroding profit margins and limiting their ability to compete globally.

In the urban sprawl and rural hamlets alike, households are left grappling with the erratic dance of electricity availability. Students struggle to study under flickering bulbs, businesses teeter on the edge of viability, and the dream of a 24/7 digital age slips further away. The lack of reliable power not only stifles immediate progress but also hinders the emergence of innovative solutions and entrepreneurial endeavors that could thrive under more stable conditions.

You May Like

Nigeria’s Climate Clock Is Ticking – And The Cost Of Inaction Is Rising

Unlocking Nigeria’s Economic Potential Through Improved Port Infrastructure

The need for improvement in Nigeria’s electricity sector is not merely a call for convenience; it is a clarion call for socio-economic transformation. A robust and dependable power supply forms the cornerstone for attracting investments, fostering industrial growth, and improving the overall quality of life. The prospect of stable electricity opens doors to job creation, technological innovation, and a more inclusive development that reaches every corner of the nation.

To address this imperative, Nigeria must embark on a comprehensive journey of reform and investment. Revitalising existing power plants, investing in renewable energy sources, and modernising the electricity grid are essential steps toward building a resilient and sustainable power infrastructure. Additionally, fostering a conducive environment for private sector participation and implementing effective policies will not only attract investments but also stimulate competition, driving efficiency and accountability.

In the luminous tapestry of Nigeria’s potential, the improvement of electricity supply emerges as a radiant thread that weaves together progress and prosperity. By acknowledging the urgency of this need and committing to transformative measures, Nigeria can illuminate its path toward a future where the sparks of innovation, productivity, and inclusivity shine brightly for generations to come.

 

Tags: economic growthPower supply
ShareTweetShare
Previous Post

Crypto Providers Can Now Open Bank Accounts

Next Post

Imperative For Sanity In Nigeria’s Tax System

ANOTHER GOOD READ

Nigeria’s Climate Clock Is Ticking – And The Cost Of Inaction Is Rising
News

Nigeria’s Climate Clock Is Ticking – And The Cost Of Inaction Is Rising

2 days ago
Capital Inflows Hit $5.6bn in Q1 As Abuja Tops Lagos
Nigerian Economy

Unlocking Nigeria’s Economic Potential Through Improved Port Infrastructure

1 week ago
Nigeria’s Bad Roads And Economic Growth
Nigerian Economy

Nigeria’s Bad Roads And Economic Growth

2 weeks ago
Economic Cost Of Nigeria’s Dependence On Imported Paper
Nigerian Economy

Economic Cost Of Nigeria’s Dependence On Imported Paper

3 weeks ago
Awakening Nigeria’s Manufacturing Sector For Sustainable Economic Growth
Nigerian Economy

Awakening Nigeria’s Manufacturing Sector For Sustainable Economic Growth

1 month ago
Unlocking Nigeria’s Sports Economy For National Growth
Nigerian Economy

Unlocking Nigeria’s Sports Economy For National Growth

1 month ago
Next Post
Imperative For Sanity In Nigeria’s Tax System

Imperative For Sanity In Nigeria’s Tax System

Most Recent

Nigeria Set To Transform Women’s Health With Presidential Launch Of RenewHER

Nigeria Set To Transform Women’s Health With Presidential Launch Of RenewHER

August 19, 2025
Falling Oil Prices Put Nigeria’s 2025 Budget At Risk

Falling Oil Prices Put Nigeria’s 2025 Budget At Risk

August 19, 2025
NCAA Orders Phone Switch-Off During Take-Off, Landing Phases

NCAA Orders Phone Switch-Off During Take-Off, Landing Phases

August 19, 2025
Abuja Centenary City Restarts With N750bn Julius Berger Contract

Abuja Centenary City Restarts With N750bn Julius Berger Contract

August 19, 2025
FG To Enforce Reciprocal Visa Rules On US Applicants

FG To Enforce Reciprocal Visa Rules On US Applicants

August 19, 2025
NCC Shifts USSD Billing To Airtime Amid N250bn Debt Dispute

NCC, CBN Move To Standardise Airtime Recharge Operations

August 19, 2025
Visa: ‘It’s Tit-for-Tat’, Nigeria To Demand Social Media Disclosure From American Applicants

US Revokes 6,000 Student Visas Over Crimes, Security Concerns

August 19, 2025
Visa: ‘It’s Tit-for-Tat’, Nigeria To Demand Social Media Disclosure From American Applicants

Visa: ‘It’s Tit-for-Tat’, Nigeria To Demand Social Media Disclosure From American Applicants

August 19, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy