According to the federal government, Nigerian energy providers lack the money to provide better power to Nigerians, estimated to be around N2 trillion, or roughly $2.5 billion. According to a Bloomberg story from yesterday, to revitalize the industry—which can hardly provide electricity to its 200 million inhabitants—new investment would be needed. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, said the companies are over-leveraged and under-capitalised, which has limited their capacity to […]