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Fitch: Power supply shortages, insecurity'll dampen Nigeria's growth outlook

Published by The Sun on Fri, 14 Jun 2019


Fitch, a global credit rating agency, says Nigeria's medium-term growth outlook will be slowed down by acute supply shortages in the power sector and security challenges. Presently, the countrygenerates about 7000 megawatts(mw) of available electricity, with an installed capacity of about 12,000mw and distribution way below 4000mw. However, Nigeria's energy need is 170,000mw, given itspopulation []The post Fitch: Power supply shortages, insecurity'll dampen Nigeria's growth outlook appeared first on The Sun Nigeria.
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