{"id":97424,"date":"2023-10-11T06:46:55","date_gmt":"2023-10-11T05:46:55","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu"},"modified":"2023-10-11T09:10:04","modified_gmt":"2023-10-11T08:10:04","slug":"nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu","title":{"rendered":"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Amid the challenges facing Nigeria\u2019s power sector, an industrial expert says the country loses an estimated $26.2 billion to a lack of reliable energy supply.<\/p>\n

The Director General of the Global Centre for Law, Business and Economy, Dr George Nwangwu, disclosed this on Tuesday at the maiden Africa Climate Forum 2023 in Abuja.<\/p>\n

He stated that the loss is an equivalent of 2 per cent of the country\u2019s Gross Domestic Product.<\/p>\n

Speaking on \u201cPowering the Future: Financing Energy Transition for Sustainable Progress,\u201d Nwangwu urged the African continent, especially Nigeria, to take energy-related issues seriously.<\/p>\n

He stated that the energy transition in Africa has been mishandled and could pose an existential threat to the continent.<\/p>\n

\u201cIt is imperative for Africa, home to many of the world\u2019s impoverished population, to take energy-related issues seriously. If the energy transition in Africa is mishandled, it could pose an existential threat to the continent.<\/p>\n

\u201cThe lack of reliable power poses a significant challenge to private citizens and businesses, resulting in annual economic losses estimated at $26.2 billion, equivalent to 2% of GDP\u201d, he stated.<\/p>\n

In Nigeria, with an estimated population of over 200 million, 92 million people lack access to electricity, according to the Energy Progress Report 2022 released by Tracking SDG 7 in June 2023.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Amid the challenges facing Nigeria\u2019s power sector, an industrial expert says the country loses an estimated $26.2 billion to a lack of reliable energy supply. The Director General of the Global Centre for Law, Business and Economy, Dr George Nwangwu, disclosed this on Tuesday at the maiden Africa Climate Forum 2023 in […]<\/p>\n","protected":false},"author":84,"featured_media":97422,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,254,11485],"class_list":["post-97424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-nwangwu"],"yoast_head":"\nNigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu - Nigeria<\/title>\n<meta name=\"description\" content=\"Amid the challenges facing Nigeria\u2019s power sector, an industrial expert says the country loses an estimated $26.2 billio ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu\" \/>\n<meta property=\"og:description\" content=\"Amid the challenges facing Nigeria\u2019s power sector, an industrial expert says the country loses an estimated $26.2 billio ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-11T05:46:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-11T08:10:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu\",\"datePublished\":\"2023-10-11T05:46:55+00:00\",\"dateModified\":\"2023-10-11T08:10:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Nwangwu\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu\",\"name\":\"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg\",\"datePublished\":\"2023-10-11T05:46:55+00:00\",\"dateModified\":\"2023-10-11T08:10:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Amid the challenges facing Nigeria\u2019s power sector, an industrial expert says the country loses an estimated $26.2 billio ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu - Nigeria","description":"Amid the challenges facing Nigeria\u2019s power sector, an industrial expert says the country loses an estimated $26.2 billio ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu","og_locale":"en_US","og_type":"article","og_title":"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu","og_description":"Amid the challenges facing Nigeria\u2019s power sector, an industrial expert says the country loses an estimated $26.2 billio ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu","og_site_name":"Nigeria","article_published_time":"2023-10-11T05:46:55+00:00","article_modified_time":"2023-10-11T08:10:04+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu","datePublished":"2023-10-11T05:46:55+00:00","dateModified":"2023-10-11T08:10:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu"},"wordCount":225,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg","keywords":["Africa Press","Africa Press-Nigeria","Nigeria","Nwangwu"],"articleSection":["all news","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu","url":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu","name":"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg","datePublished":"2023-10-11T05:46:55+00:00","dateModified":"2023-10-11T08:10:04+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Amid the challenges facing Nigeria\u2019s power sector, an industrial expert says the country loses an estimated $26.2 billio ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/10\/sm_1696995411.223584.jpg","width":1280,"height":720,"caption":"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-loses-26-2bn-yearly-to-unreliable-power-supply-nwangwu#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Nigeria loses $26.2bn yearly to unreliable power supply \u2013 Nwangwu"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/97424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=97424"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/97424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/97422"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=97424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=97424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=97424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}