NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Despite holding 37 billion barrels of proven oil reserves and ranking as the world’s sixth-largest exporter of liquefied natural gas in 2021, Nigeria has one of the lowest per capita electricity consumption rates in the world. Its economy and strong entrepreneurial sector mean that millions of commercially viable businesses are powered with expensive and/or unreliable power.

Photo courtesy of Zbynek Burival.