Nigeria must generate at least 100 gigawatts (GW) of electricity to achieve real industrial growth and economic transformation, energy stakeholders have said.
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$1.3 billion has already been secured through initiatives such as the Nigeria Electrification Project (NEP), showing growing investor interest in the sector
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Stakeholders say expanding renewable energy will not only improve electricity access but also support rural electrification and boost productivity in underserved communities
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Experts also pointed to India as a model for what Nigeria can achieve
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While the GFIF represents a major step forward, stakeholders insist that Nigeria must aim higher if it wants to compete globally and support its growing population