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Nigeria Loses $26bn Annually Due to Power Shortages, Off-Grid Fuel Costs — Report

Nigeria’s economy suffers a staggering $26 billion loss every year due to persistent power shortages, a recent report by Standard Bank has revealed. This figure excludes the additional $22 billion spent annually by businesses on off-grid fuel to mitigate the impact of these shortages, highlighting the severe financial strain on the country’s business sector. The …

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