Nigeria is in a dire energy situation with 60- 70% of its population of almost 200 million people living without regular access to electricity. The majority of rural homes are also not connected to the national grid. As the country with the lowest electrification per capita in Africa, Nigeria’s industrial development and economic diversification plans are severely constrained. Experts estimate annual economic loss through power outages at about N126 billion (US$ 984.38 million). Though millions of households and businesses rely on self-generated electricity through power generating sets, this represents a major source of waste, severe health and environmental costs, as well as other inefficiencies.
