AfDB: 70.7% of Nigerian Firms Depend on Generators to Run Businesses

The African Development Bank's recent report highlights a significant problem in Nigeria: 70.7% of businesses rely on generators to stay operational due to chronic electricity shortages. This dependency underscores the severe challenges faced by the country's power sector, which in turn hampers economic growth and productivity. The widespread need for generators points to a larger systemic issue that affects businesses of all sizes, highlighting the urgent need for substantial reforms in Nigeria's energy infrastructure.