Aside from the massive recurrent national grid investments in Nigeria running into several billions of the United States dollar, the country is said to be spending N5tn ($14bn) on off-grid diesel generation yearly.
Off-grid diesel generation is a systems that has no connection with the national utility grid, but provide electricity for homes, businesses, or applications.
This assertion was made by the Regional Vice-President for Central and Southern Africa, Rosatom, Mr. Viktor Polikarpov, in an interview with Punch correspondent on Nigeria’s energy investments and the accruing dividends.
According to him, primary energy consumption in Nigeria is largely satisfied by traditional biomass and waste (typically consisting of wood, charcoal, manure, and crop residues) and accounts for 74 per cent of the energy mix.
Punch, September 3, 2017